Common use of RECORD RETENTION REQUIREMENTS Clause in Contracts

RECORD RETENTION REQUIREMENTS. 203. Section 9.2 of the Uniform Compliance Program establishes a record retention period for information and data generated or received in connection with a compliance matter.114 204. This policy, however, requires additional clarification and revision. First, because NERC defines applicable governmental authority, at section 1.1.3, to exclude the Commission, section 9.2 does not address how the record retention period will be integrated with any record retention requirement the Commission otherwise has established. We clarify that if particular records are covered by both the Uniform Compliance Program retention period and one or more Commission-established record retention periods, the longest retention period shall apply.