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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 26. INSURANCE, SECURITIES, AND BANKING |
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SubTilte 26-B. SECURITIES |
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Chapter 26-B1. BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, AND INVESTMENT ADVISER REPRESENTATIVES |
Section 26-B183. RECORD RETENTION SCHEDULE
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183.1Books and records required to be made under the provisions of § 181.1 to paragraph 181.7(a), inclusive except for books and records required to be made under the provisions of §§ 181.1(k) and 181.5 shall be maintained and preserved in an easily accessible place for a period of not less than five (5) years from the end of the fiscal year during which the last entry was made on the record, and for the first two (2) years shall be maintained in an appropriate office of the investment adviser.
183.2Partnership articles and any amendments thereto, articles of incorporation, charters, minute books, and stock certificate books of the investment adviser and of any predecessor, shall be maintained in the principal office of the investment adviser and preserved until at least three (3) years after termination of the enterprise.
183.3Books and records required to be made under the provisions of §§ 181.1(k) and 181.5 shall be maintained and preserved in an easily accessible place for a period of not less than five (5) years, the first two (2) years in an appropriate office of the investment adviser, from the end of the fiscal year during which the investment adviser last published or otherwise disseminated, directly or indirectly, the notice circular advertisement, newspaper article, investment letter bulletin or other communication.
183.4Before ceasing to conduct or discontinuing business as an investment adviser, an investment adviser subject to §§ 181.1 through 181.5 shall arrange for and be responsible for the preservation of the books and records required to be maintained and preserved under § 181 for the remainder of the period specified herein, and shall notify the Department in writing of the exact address at which the books and records will be maintained during this period.