Record retention rules: transaction records previously required to be retained for an extended period by banks, financial institutions and intermediaries. Rule 6 required that the records specified in rule 3, including transaction nature/value and client identity records maintained by banking companies, financial institutions and intermediaries, be retained for a period of ten years from the date of the transaction; the provision was later omitted by amendment.
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Provisions expressly mentioned in the judgment/order text.
Record retention rules: transaction records previously required to be retained for an extended period by banks, financial institutions and intermediaries.
Rule 6 required that the records specified in rule 3, including transaction nature/value and client identity records maintained by banking companies, financial institutions and intermediaries, be retained for a period of ten years from the date of the transaction; the provision was later omitted by amendment.
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