Maintenance of books and records: portfolio managers must retain financial statements and transaction support and notify the regulator. Regulation 17 requires portfolio managers to retain copies of balance sheets, profit and loss accounts, auditors' reports, statements of financial ... Summary
Maintenance of books and records: portfolio managers must retain financial statements and transaction support and notify the regulator.
Regulation 17 requires portfolio managers to retain copies of balance sheets, profit and loss accounts, auditors' reports, statements of financial position and documentary support for every investment transaction or recommendation, to notify the Board of the location of those records, and to furnish, on the Board's request, copies of specified financial documents for the preceding five accounting years.
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