1. An AIFM shall retain, in a readily accessible form, for a period of at least six years, a full record of each transaction entered into by it (whether on its own behalf or on behalf of AIF under management) and all records required to demonstrate compliance with the provisions of the AIFM Regulations, this chapter and any other conditions imposed by the Central Bank.

2. In the event of the termination of its authorisation by the Central Bank, an AIFM shall retain the records referred to in paragraph 1 of this section for the outstanding term of the six year period.