PART 4Records to be maintained by Insolvency Practitioners — Inspection of Records
Records to be maintained by insolvency practitioners13
F11
In respect of each case in which an insolvency practitioner acts, the insolvency practitioner shall maintain records containing information sufficient to show and explain—
a
the administration of that case by the insolvency practitioner and the insolvency practitioner’s staff; and
b
any decisions made by the insolvency practitioner which materially affect that case.
2
Where at any time the records referred to in paragraph (1) do not contain all the information referred to in F2paragraph (1), the insolvency practitioner shall forthwith make such changes to the records as are necessary to ensure that the records contains all such information.
F33
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F34
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5
Any records created in relation to a case pursuant to this regulation shall be preserved by the insolvency practitioner until whichever is the later of—
a
the sixth anniversary of the date of the grant to the insolvency practitioner of his release or discharge in that case; or
b
the sixth anniversary of the date on which any security or caution maintained in that case expires or otherwise ceases to have effect.