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Recital 10

Recital 10

(10)To enable national competent authorities and ESMA to assess the initial application and ensure ongoing supervision, while ensuring appropriate safeguards, personal data relating to the good repute of the applicant benchmark administrator’s management body and of employees responsible for the oversight function, or of members performing the oversight function where a separate committee carries out the oversight function, should be kept by national competent authorities and ESMA for no longer than five years after that person has ceased to perform its function.

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