Dear All,
After years in public sector/international organisation records management I’ve made a move to financial sector RM and I’m still getting familiar with different rules.
I have a retention question specifically about investment fund client accounts, but quite possibly rules regarding termination of other types of client accounts would apply.
These client accounts have local requirement (Luxembourg) of 10 years retention from the ‘closure of the exercise they relate to’. The trigger point is the closure of the account. Would it not make sense to apply current year + 10 years to the retention, rather than having client accounts destroyed 10 years to the day in which they were closed?
I would very much appreciate any information/opinion on this.
Thank you,
Paula McClure
RM/GDPR Business Analyst (contract)
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