3.5.1. Record keeping requirement

An Authorised Promoter must keep a record of each Financial Promotion that it makes or approves.

3.5.2. Content of records

The record must include at least the following detail:

(a)      the name of the senior Employee who reviewed the Financial Promotion;

(b)      the date the Financial Promotion was made or approved;

(c)      if the Financial Promotion was in writing, a copy of the Financial Promotion; and

(d)      if the Financial Promotion was not in writing, details of the Financial Promotion and its outcome, including a note stating if the Client requested the termination of a real time Financial Promotion.

The Authorised Promoter must keep the records for at least 6 years after the Financial Promotion is no longer made.