Record-keeping obligations

Investment services undertakings, and undertakings having their seat domestically that are admitted to participate in trading on a domestic exchange, must, before executing orders relating to financial instruments within the meaning of Article 2(1), first subparagraph of Regulation (EU) No 596/2014, or acts or transactions within the meaning of Article 2(1), second subparagraph, first sentence of Regulation (EU) No 596/2014, establish, in the case of natural persons, the name, date of birth and address, and, in the case of undertakings, the business name and address, of the principals and of the persons or undertakings entitled or obliged, and must record those particulars. The records under the first sentence must be retained for at least six years. Section 257(3) and (5) of the Commercial Code applies correspondingly to their retention.