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Status: You are viewing the version of the handbook as on 2009-03-31.

ELM Sch 1 Record keeping requirements

ELM Sch 1.1G

1

The aim of the guidance in the following table is to give the reader a quick overall view of the relevant record keeping requirements.

2

It is not a complete statement of those requirements and should not be relied on as if it were.

ELM Sch 1.2G

Handbook reference

Subject of record

Contents of record

When record must be made

Retention period

ELM 3.5.11 R

Closely related persons

Record of steps taken to prove persons not closely related

In anticipation of taking and while persons takes advantage of ELM 3.5.10 R

Three years after the firm ceases to take advantage of ELM 3.5.10 R

ELM 6.9.7 R

Systems requirements that have to be fulfilled in order to be allowed to have customer e-money balances in excess of the purse limits

Identity of persons entitled to e-money, the amount to which entitled, identity of persons with redemption right and redemption amount

On-going as a condition of issuing e-money outside the purse limits

Not specified