What is the requirement for maintaining records of significant noncompliance?

The requirement for maintaining records of significant noncompliance is that they must be documented until resolved. This means that any incidents of noncompliance should be thoroughly recorded and tracked until corrective actions are taken, ensuring that there is a clear account of issues and the steps taken to address them. Proper documentation not only assists in compliance with regulatory standards but also plays a crucial role in identifying patterns that may require systemic changes to prevent future occurrences.

In contrast, while there are stipulations for retaining records for varying durations, such as one year or annually, these do not align with the ongoing need to keep records active until all noncompliance issues are fully resolved. Additionally, the requirement for quarterly submissions may apply to other reporting processes but does not address the continuous documentation needed for noncompliance. Therefore, documenting until resolution emphasizes accountability and thoroughness in maintaining compliance with regulatory standards.