Trading partners are required to retain transaction records for how many years?

Trading partners are required to retain transaction records for how many years?

• A. 1 Year
• B. 6 Years
• C. 3 Years
• D. 10 Years

Answer: (B)

Six years is the required retention period because it aligns with regulatory standards for pharmaceutical supply chain traceability. Under DSCSA, trading partners must keep transaction information, history, and statements for six years from the date of the transaction or transfer of ownership. This timeframe ensures records are available to support recalls, investigations, and regulatory audits over the typical windows in which product issues or traceability concerns may arise. Records can be kept electronically or on paper as long as they’re readily accessible to authorized authorities. While six years is the federal minimum, some states may require longer retention, so it’s important to verify any additional local requirements.

Six years is the required retention period because it aligns with regulatory standards for pharmaceutical supply chain traceability. Under DSCSA, trading partners must keep transaction information, history, and statements for six years from the date of the transaction or transfer of ownership. This timeframe ensures records are available to support recalls, investigations, and regulatory audits over the typical windows in which product issues or traceability concerns may arise. Records can be kept electronically or on paper as long as they’re readily accessible to authorized authorities. While six years is the federal minimum, some states may require longer retention, so it’s important to verify any additional local requirements.