Accounts to be kept by commodity futures brokers
9.—(1)  A commodity futures broker shall —
(a)cause to be kept such accounting and other records as will sufficiently explain the transactions and reflect the financial position of the business of trading in commodity futures contracts carried on by him and as will enable true and fair profit and loss accounts and balance-sheets to be prepared from time to time; and
(b)cause those records to be kept in such a manner as will enable them to be conveniently and properly audited.
(2)  Without prejudice to the generality of paragraph (1), a commodity futures broker shall cause records to be kept —
(a)in sufficient detail to show particulars of —
(i)all amounts received and paid by him the commodity futures broker, including amounts paid to and disbursed from a segregated trust account kept under regulation 22; and
(ii)all purchases and sales of commodity futures contracts made by him the commodity futures broker, and the charges and credits arising from them; and
(b)in sufficient detail to show separately particulars of all transactions by the commodity futures broker with, or for the account of —
(i)his customer; and
(ii)himself.
(3)  A commodity futures broker shall retain for a period of not less than 6 years —
(a)the records kept in accordance with this regulation;
(b)a copy of each commodity futures contract made out by him as agent of a customer; and
(c)a copy of each commodity futures contract received by him or made out to himself as principal.
(4)  Records required to be kept by a commodity futures broker by this regulation shall be kept either by making entries in a bound book, or by recording or storing the relevant matters in any other manner as may be approved by the Board, and anything so entered, recorded or stored shall be deemed to have been effected by, or with the authority of, the commodity futures broker.
(5)  The commodity futures broker shall take reasonable precautions for guarding against falsification and damage or loss and for facilitating discovery of any falsification.
(6)  Any commodity futures broker who, without reasonable excuse, contravenes any provision of this regulation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding one year or to both.