14.1Record keeping—applications

#### 14.1 Record keeping—applications (1) For subsection 227(1) of the Act, this regulation applies if a person: (a) makes an application to the Regulator under any of the following provisions of the Act: (i) subsection 38(1) (obligation transfer number); (ii) subsection 56(2) (approved person); (iii) subsection 68(2) (declaration of a joint venture); (iv) subsection 74(2) (participating percentage determination); (v) subsection 81(2) (liability transfer certificate—corporate group); (vi) subsection 85(2) (liability transfer certificate—financial control); (vii) section 92A (Opt‑in Scheme); or (b) in connection with the application, gives further information to the Regulator under subregulation 3.17(1) or subsection 39(1), 69(1), 75(1), 82(1), or 86(1) of the Act. (2) When the person makes the application, or gives the further information, the person must make a record of every source document. > Note: Example: A scanned copy of the source document. (3) For subregulation (2), a source document is: (a) a document that verifies the information given to the Regulator in, or in connection with, the application; and (b) the original of a document that is copied and given to the Regulator with, or in connection with, the application. (4) The person must keep each record for 5 years after the application is made, or the further information is given. > Note: See section 227 of the Act for the penalty that applies to a person who contravenes this regulation.