标题: Record Retention [打印本页] 作者: adehbone 时间: 2011-7-13 15:45 标题: Record Retention
What is the standard for record retention of client information, 5 years, electronic or hard copy? I keep seeing question's on this, but dont see it explicitly stated anywhere... anyone?作者: Valores 时间: 2011-7-13 15:45
7 years hard or soft.作者: Colum 时间: 2011-7-13 15:45
7 YEARS UNLESS LOCAL LAW SAYS OTHERWISE
HARD OR EECTRONIC ARE FINE EITHER WILL WORK作者: NakedPuts00 时间: 2011-7-13 15:45
it's a recommendation me thinks, not a requirement.作者: strikethree 时间: 2011-7-13 15:45
so is the 7 years required, or recommended?作者: bpdulog 时间: 2011-7-13 15:45
nm, it is a recommendation作者: mar350 时间: 2011-7-13 15:45
Per schweser, 7 years is a recommendation if no local laws apply. BUT i remember talk on the board that Schweser was wrong and the number was 6 years.....
No word on hard or soft....作者: pennyless 时间: 2011-7-13 15:46
7 inches hard or soft... Oops I mean 7 years作者: justin88 时间: 2011-7-13 15:46
6 in the Asset Manager Code Gents. 7 in the SOPH作者: Valores 时间: 2011-7-13 15:46
there has been an entry in one of the errata dated 27h april on AMC.
7 years is FINAL作者: thommo77 时间: 2011-7-13 15:46
good to know! thanks sir.作者: mik82 时间: 2011-7-13 15:46
Why wouldn't they make the asset manager code 7 as well? The AMC states "unless otherwise required by local law or regulation, managers should keep records for at least 6 years" I cant stand these little inconsistencies
CFAI
Appendix 6 pg 277作者: Darien 时间: 2011-7-13 15:46
yeah... check the errata.
no more 6 years!! even asset manager code is 7 years now!!!作者: pennyless 时间: 2011-7-13 15:46
volume 1 question 60.
Vinken's policy is to maintain 5 years of records and the answer has this as correct.
is it only becuase he was manager for only those five years - do you not have to keep docs from prior managers?作者: PalacioHill 时间: 2011-7-13 15:47
7 years is a recommendation...作者: mcmc 时间: 2011-7-13 15:47
Ok, good to know. Asset Manager is 7 - just finished rereading that on the bus this morning and wondered why it was 6.
