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REC Sch 1 Record keeping requirements

REC Sch 1.1G

There are no record keeping requirements as such in REC.

UK recognised bodies have obligations under the Recognition Requirements Regulations1 to ensure that satisfactory arrangements are made for recording transactions effected by, or cleared through, their facilities. See REC 2.9 for guidance (in the case of RAPs, see REC 2.9 as applied by REC 2A.3.2G)3.2

RAPs also have separate record keeping obligations under the UK auctioning regulations.3