Section 174

(1)

A holder of a capital markets services licence or representative's licence shall-

{a)

maintain, or cause to be maintained, such books, accounting records and data that sufficiently explain the transactions and financial position of its business and enable true and fair profit and loss accounts and balance sheets to be prepared from time to time; and

{b)

maintain, or cause to be maintained, such books, accounting records and other data in such a manner that enable them to be conveniently and properly audited.