The report highlights “Best Practices” for regulated entities’ record keeping arrangements. The report also identifies expectations with respect to the retention, maintenance, security, preservation and accessibility of all relevant documentation and records. It also highlights a number of “Areas for Improvement” in relation to record management policies and procedures, turnaround times for submitting documents to CIMA etc.,
We anticipate the report will be helpful for boards of a regulated entity to ensure they have robust and sufficient record management arrangements are in place and Appleby is very well placed to assist in this regard.
A copy of the report can be viewed on the CIMA’s website here.