How long do I need to retain my IRP records?
The IRP plan calls for retaining records for the registration year and the following three years. Some companies may retain longer depending upon their operational needs.
This is from the IRP Plan:
1005 PRESERVATION AND AVAILABILITY OF RECORDS
(a) The Base Jurisdiction shall require a Registrant to preserve all Operational Records on which the Registrant's application for apportioned registration is based for a period of 3 years following the close of the Registration year to which the application pertains and to make these records available for examination by the Base Jurisdiction at its request.
(b) Records may be kept on microfilm, microfiche, or other computerized or condensed record storage system acceptable to the Base Jurisdiction.