Commission Regulation 1.31 (the section and rule commonly referred to as 17 CFR 1.31 — “Books and Records; keeping and inspection”) sets forth certain recordkeeping requirements imposed by the CEA and Commission regulations. It mandates that all records required to be kept by the Act or Commission regulations (“required records”) be maintained for five years and be kept “readily accessible” during the first two years. It also defines the inspection and production rights of representatives of the Commission and the Department of Justice.
Specifically, 17 CFR 1.31 defines the term “electronic storage media” as any digital storage medium or system that preserves the records exclusively in a non-rewritable, non-erasable format, and more. Visit the link below for more information.
Smarsh, Inc. assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for specific information on specific rules and regulations and how they apply to your business.
Official Commodity Futures Trading Commission