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.

SYSC 28.4 Record-keeping requirements

Record-keeping requirements

SYSC 28.4.1R

1A firm must:

  1. (1)

    establish, maintain and keep appropriate records to demonstrate compliance with this chapter; and

  2. (2)

    be in a position to provide to the FCA, on request, the name of the person responsible for the record-keeping requirement in (1).

[Note: article 10(8) last paragraph of the IDD]

SYSC 28.4.2R

1A firm must:

  1. (1)

    make an up-to-date record of the continued professional training or development completed by each relevant employee in each 12 month period;

  2. (2)

    retain that record for not less than 3 years after the relevant employee stops carrying on the activity; and

  3. (3)

    be in a position to provide any version of the record to the FCA on request.

[Note: article 10(2) second paragraph of the IDD]

SYSC 28.4.3R

1A firm must not prevent a relevant employee from obtaining a copy of the records relating to that relevant employee which are maintained by the firm for the purposes of SYSC 28.4.1R and SYSC 28.4.2R.