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16. Record Keeping

(1) A Licensed Firm must maintain records that enable it to–
(a) demonstrate to the Registrar its compliance with the requirements set out in these Rules,
(b) demonstrate and explain all entries of Client Money held or controlled in accordance with these Rules; and
(c) ensure that all relevant records are capable of being checked or audited to demonstrate compliance with any applicable requirements.
(2) Except as otherwise stated, all records maintained by a Licensed Firm pursuant to these Rules must be kept for at least six (6) years.