---
kind: "section"
citation: "15 C.F.R. § 231.205"
title: "15"
number: "231.205"
heading: "Retention of records."
url: "https://uscodex.org/cfr/15/231.205"
---

# §231.205. Retention of records.

- (a) During the 10-year period beginning on the date of the Federal financial assistance award under [15 U.S.C. 4652](/usc/15/4652.md) and for a period of seven years following any significant transaction involving the material expansion of semiconductor manufacturing capacity in a foreign country of concern, a covered entity or member of the affiliated group planning or engaging in any such significant transaction involving the material expansion of semiconductor manufacturing capacity in a foreign country of concern shall maintain records related to the significant transaction in a manner consistent with the recordkeeping practices used in their ordinary course of business for such transactions.
- (b) A covered entity that is notified that a transaction is being reviewed by the Secretary shall immediately take steps to retain all records relating to such transaction, including if those records are maintained by a member of the affiliated group or by related entities.

## Notes

### Authority

Authority: 15 U.S.C. 4651, et seq.

### Source

Source: 88 FR 61614, Sept. 25, 2023, unless otherwise noted.