Authorised Firm must maintain adequate records of all cheques and payment orders received in accordance with COB Rule A5.5.1(a) including, in respect of each payment, the:
(a) date of receipt;
(b) name of the
Client for whom payment is to be credited; and
(c) date when the cheque or payment order was presented to the
Authorised Firm's Third Party Agent.
(2) The records must be kept for a minimum of six years.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]