(1) The approved trustee of a registered scheme shall keep accounting records to explain transactions of the scheme and the financial status of the scheme.

(2) The records shall be kept 

(a) in a manner to show a true and fair status of the financial transactions   of the scheme during each financial period; 

(b) the disposition of its assets and liabilities at the end of each financial  period;

(c) in a manner that ensures convenient and proper auditing in accordance with these Regulations;

(d) At a specific place that can be readily accessible in Ghana to enable the Authority discharge its duties.

(3) The records shall be made available to the Authority on request for inspection at reasonable times and without charging a fee.