AMC update

It seems the AMC in curriculum Volume 1 has not been updated to the latest standard. For example, on page 284: “The firm retains records to substantiate all investment decisions for six years.” Is this still acceptable? Thanks.

AMC: - at minimum, managers should povide clients with gross- and net-of-fees returns and disclose any unusual expense. - RETROACTIVELY disclose all fees[itemized]…when requested by clients. - reports to clients at least quarterly.

There are significant additional errata materials on the AMC from the CFAI.

I saw 6 as well in the book.

It is 7 years in the errata.