Article 14Organization and Retention of Books and Documents Concerning Records of Securities, etc.

①The director of the business office of a financial institution or other such place and the person handling payment affairs, both as referred to in Article 37, paragraph (4) (Records of Securities, etc.) of the Order, must organize, by person, the books concerning the transfer of beneficial interests in a Loan Trust or specific form of Bond-Based Investment Trust Under Public Offering or of Securities, or the books concerning the custody of Securities, that they have prepared as prescribed in that paragraph, and retain those books for five years starting from the year following the year that includes the day of closing of those books.

②The person handling payment affairs prescribed in Article 38, paragraph (1) (Notification, etc. by the Director of the business office of a Financial Institution or Other Such Place to the Person Handling Payment Affairs) of the Order who has received a notice pursuant to that paragraph must retain a document stating the content of the notice received (including an electronic or magnetic record recording the particulars to be stated in that document) for five years starting from the year following the year that includes the day on which the notice was received.