Part 9: Miscellaneous Section 39: Retention of personal data under the Market Abuse Regulation
This section removes a provision in Article 28 of MAR which restricts the FCA from holding personal data collected for the purposes of MAR for more than five years.
	By removing the provision requiring the FCA to delete MAR personal data after five years, MAR personal data must be held in general compliance with the GDPR personal data retention standards, which requires personal data to be held only as long as is necessary. In some circumstances this could mean that the FCA holds the data for a period of longer than five years. This will allow the FCA to investigate and prosecute cases of complex market abuse which span more than five years.
	This section relates only to the FCA. It does not affect the position for businesses performing other functions under MAR.