Recordkeeping obligations require participants to maintain and permit inspection of securities records and notify the board of their location. Participants must maintain records of transactions with depositories and beneficial owners, details of securities dematerialised or rematerialised, instructions and account statements, and records of approval, notice, entry and cancellation of pledge or hypothecation; make those records available for inspection by the depository and authorised persons; notify the Board of the records' location; and, subject to other law, preserve records for a minimum period of five years.