As far as I'm aware, there is no UK equivalent of the Zasio and IRCH
products, which as you've discovered, and PK confirms, are built on US
statutes and legislation. However, a number of organisations in the UK
have used the framework and structure as the basis for their schedules
and carried out separate legal and regulatory research to develop their
retention periods. Zasio and IRCH should be able to provide you with
the names of those companies who have purchased the software - many of
them are subsidiaries or UK offices of US corporations or have strong US
links.
As in other areas of business, UK banking legislation is relatively
quiet on the subject of retention and requires interpretation. However
the European influence is now quite strong and you should look
particularly at Money Laundering regulations and at the implications of
the capital adequacy provisions created under the Basle Convention.
Someone else has already drawn your attention to the FSA's rules.
Talking to your compliance people would probably be helpful, too. As a
company and legal entity, of course, ABNAMRO is subject to all the other
legislation applying to corporate bodies in the UK.
I'm afraid, in the end, there is no easily available short cut to the
information you need.
Peter Emmerson
Director
Emmerson Consulting Limited
Hilltop House
Hill Top Road
Bearpark
Durham DH7 7DP
Office 0191 373 2800
Mobile 07740 942682
E-mail [log in to unmask]
This e-mail message and any files transmitted with it are confidential
and intended solely for the use of the addressee. If you are not the
intended recipient, any disclosure, copying, distribution or use of it
is prohibited and may be unlawful. If you have received this e-mail in
error, please delete it immediately and notify Emmerson Consulting by
return e-mail to the above address.
Emmerson Consulting Limited is registered in England No. 3607347.
Registered Office: Charter Court, Midland Road, Hemel Hempstead,
Hertfordshire HP2 5GE
-----Original Message-----
From: The UK Records Management mailing list
[mailto:[log in to unmask]] On Behalf Of Gail Bennion
Sent: 17 October 2003 09:19
To: [log in to unmask]
Subject: UK Banking Record Retention Regulations
Hi
Just to introduce myself first, I am the Assistant Records Manager for
ABN
AMRO Bank based in London.
We have been looking at two US products to assist us with the legal and
regulatory side of retention scheduling - Zasio's 'Retention' and
Information Requirements Clearinghouse's 'Retention Manager'. Has
anyone
used these? If so, what did you think of them? Both of these appear to
have little in terms of UK and European regulations. Or could anyone
recommend any other products that have better coverage of UK and
European
regulations particularly for banking, especially investment banking?
Many thanks
Gail Bennion
ABN AMRO
------------------------------------------------------------------------
---
This message (including any attachments) is confidential and may be
privileged. If you have received it by mistake please notify the sender
by
return e-mail and delete this message from your system. Any unauthorised
use or dissemination of this message in whole or in part is strictly
prohibited. Please note that e-mails are susceptible to change.
ABN AMRO Bank N.V. (including its group companies) shall not be liable
for
the improper or incomplete transmission of the information contained in
this communication nor for any delay in its receipt or damage to your
system. ABN AMRO Bank N.V. (or its group companies) does not guarantee
that
the integrity of this communication has been maintained nor that this
communication is free of viruses, interceptions or interference.
------------------------------------------------------------------------
---
|