Retention of records

7.—(1) An applicant shall retain for a period of not less than four years from the relevant date any bill, account, receipt, voucher or other record relating to–

(a)the number of cattle kept on the holding of the applicant during the period of six months following that date; and

(b)any transaction concerning cattle, milk or milk products carried out by that applicant on that date and during the period of twelve months following that date.

(2) For the purpose of this regulation, “relevant date” means, in relation to an applicant, the date on which the application was submitted by or on behalf of that person to the Scottish Ministers.