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However, non-federal agencies may apply a different set of standards for record retention and in those cases it is best to refer to the agreement itself for retention requirements.
As for record retention, you can destroy receipts and back-up data after six years.
Currently, the FDA requires ten years of maintenance for record retention as an effort to stop the spread of communicable diseases.
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Staff responsible for records retention should be well-versed in eDiscovery and litigation.
See also § 1.1471-4(c)(2)(iv) for the record retention requirements of a participating FFI.
See § 1.1471-3(c)(6)(iii)(A) for the record retention period applicable to a participating FFI that is a withholding agent with respect to documentation collected (or otherwise maintained) for a payee.
The legislation would keep in place the timeline for issuing final rules for definitions such as swaps and swap dealers, and for rules requiring record retention and regulatory reporting.
Consult record retention procedures for detailed guidelines.
Records managers, who are appointed by each responsible official, directly supervise the development of specific record retention schedules for their respective areas.
The principal record keeping requirements for clinical investigators include the preparation and maintenance of adequate and accurate case histories (including the case report forms and supporting data), record retention, and provision for the FDA to access, copy, and verify records (i.e., source data verification).
The Controller is responsible for notifying records managers of any changes from the standard record retention period necessitated by audits or litigation.
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