Halifax Credit card CCA

[rory32]

With your letter does the age of the account matter if its still open?

Was confused why you asked how old Fingers acc. was??? Sorry to be a pain, I know its just me missing a point!! Seem to be doing that alot at the mo!!

The time limit runs from the ending of the business relationship. It does not matter how old the account is.

 

From the Money Laundering Regulations 2007:

Record-keeping

19.—(1) Subject to paragraph (4), a relevant person must keep the records specified in

paragraph (2) for at least the period specified in paragraph (3).

(2) The records are—

(a) a copy of, or the references to, the evidence of the customer’s identity obtained pursuant

to regulation 7, 8, 10, 14 or 16(4);

(b) the supporting records (consisting of the original documents or copies) in respect of a

business relationship or occasional transaction which is the subject of customer due

diligence measures or ongoing monitoring.

(3) The period is five years beginning on—

(a) in the case of the records specified in paragraph (2)(a), the date on which—

(i) the occasional transaction is completed; or

(ii) the business relationship ends; or

(b) in the case of the records specified in paragraph (2)(b)—

(i) where the records relate to a particular transaction, the date on which the transaction

is completed;

(ii) for all other records, the date on which the business relationship ends.

[rory32]

LG29 you need to start your own thread.

[rory32]

I thought 42man's letter was really good and straight to the point.

Thanks It's actually my letter. He just nicked it.