N.J. Admin. Code § 3:6-16.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 3:6-16.4 - Required records

(a) To support compliance with the provisions of N.J.A.C. 3:6-16.2, a qualified bank shall retain its records relative to the transaction for two years from the date of the acquisition, which records shall include at a minimum:

1. The quality rating of the issue of the security;

2. The price, yield and term of the security;

3. Any and all fees and/or commissions paid;

4. The portion of the total issue of the security acquired by the qualified bank for its trust accounts and the trust accounts of any affiliated bank; and

5. The date or dates of purchase.

N.J. Admin. Code § 3:6-16.4