Record Keeping

A firm must make appropriate records to demonstrate compliance with the TC rules and keep them for three years after an employee stops carrying out the activity.

A firm must specifically make and retain records of:

• the continued professional training or development completed by each relevant employee in each 12 month period and be in a position to provide any version of the record to the FCA on request.
• the dates of and reasons for any suspension of the continuing professional development requirements

A firm must be in a position to make available to the FCA, on request, the name of the person responsible for this specific record keeping requirement.

A firm must not prevent an employee from obtaining a copy of the records relating to that employee which are maintained by the firm for the purposes of FCA record-keeping requirements.