(1) A licensed financial institution or licensed financial holding company shall maintain customer records pertaining to abandoned property paid into the custody of the Central Bank for a period of 16 years from the date of payment to the Central Bank to facilitate the verification and settlement of claims under regulation 11.
(2) The Minister shall maintain for a period of 11 years —
(a) customer details in respect of abandoned property in safe deposit boxes to facilitate the verification and settlement of claims under regulation 12; and
(b) all records of any unsold abandoned property disposed pursuant to regulation 10.