(1) The registrar is to preserve all records relating to stock until their destruction is authorised by the Corporation in accordance with subregulation (2).
(2) Where:
(a) a record relating to stock is no longer required for the purposes of the Corporation or the audit of the accounts of the Corporation; and
(b) it is otherwise lawful to destroy the record,
the Corporation may authorise the registrar to cause the record to be destroyed.