Recordkeeping obligations require custodians to maintain client securities, transaction and instruction records and notify the regulator of storage location. Regulation 19 requires every custodian to maintain client-specific records: details of securities, goods, assets or documents received and released; monies received and released; client rights and entitlements from held securities; registration details; a ledger for each client; records of instructions exchanged with clients; and copies of all reports submitted to the Board. Custodians must inform the Board of the place where these records are kept and preserve them for a minimum of five years.