Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.


Status: This chapter was amended on 31 December 2020 as a result of Brexit. However, it is subject to the FCA Prudential Transitional Direction, which means that firms should not comply with these provisions yet. Instead, firms must follow this link and continue to comply with pre-IP completion day requirements https://www.handbook.fca.org.uk/handbook?date=31-12-2020&timeline=True (unless specified otherwise in the Direction). To see a full list of Handbook modules affected, please see Section B of the Annex to the Direction.

GENPRU Sch 1 Record keeping requirements

11 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.

3 Table

Handbook reference

Subject of Record

Contents of record

When record must be made

Retention Period

GENPRU 1.2.60 R - GENPRU 1.2.61 R

Firm's assessment of its financial resources

(1) The major sources of risk the firm has identified

(2) How the firm intends to deal with those risks

(3) Details of the stress and scenario analyses carried out and the resulting financial resources estimated to be required

Not specified

At least three years

GENPRU 1.3.22 R

Valuation models for marking to model

Secure copy of firm's own valuation model

When model is in use

Not specified