14(1) An overseas dividend manufacturer or an approved United Kingdom collecting agent shall maintain a record in respect of any manufactured overseas dividend paid by him to which this regulation applies showing–
(a)the date of payment and the amount of the manufactured overseas dividend,
(b)the name of the person to whom payment was made,
(ba)his grounds for believing that the payment should be made without deduction of tax, and
(c)particulars of the overseas securities and the overseas dividend on those securities to which the manufactured overseas dividend relates.