Document Retention Strategy & Policy
F50 League LLC ("F50") is committed to protecting and respecting your privacy. F50 is a Delaware Company with its registered office at One Liberty Plaza, 165 Broadway, New York, NY 10006 USA.
In the large majority of circumstances, the data controller is likely to be F50 as a consequence of the centralised data management arrangement operated throughout the F50 Group. Within this policy, references to "SailGP" shall be deemed to mean the F50 Group (whether separately or altogether), F50 and its subsidiaries, as well as any holding company of F50 and its subsidiaries as appropriate. If you have any questions regarding this Policy you should contact F50 in the first instance via email@example.com or to the following address:
The Data Protection Officer
6th Floor, Kings House
174 Hammersmith Road
Information and data is one of SailGP’s key corporate assets. In the course of carrying out its’ various functions, SailGP accumulates information from both individuals and external organisations. SailGP also generates a wide range of data, which is recorded in documents and records. SailGP strives to maintain data in accordance with the Act.
These documents and records are in several different formats, examples of which include, (but are not limited to) communications such as emails, press releases and information relating to the series, events, teams, our commercial partners and sponsors, tickets and broadcasting of the Series.
For the purposes of this Policy, the terms ‘document’, ‘data’ and ‘records’ include information in both hard copy and electronic form.
In certain circumstances, it will be necessary to retain specific documents in order to fulfil statutory or regulatory requirements and also to meet justifiable operational needs. Document retention may also be useful to evidence events or agreements in the case of disputes, and also to preserve information which has historic value. SailGP has developed this Policy with the intention of benefitting SailGP and the data subjects to strike a careful balance between legal obligations, operational efficiency and retention of data for periods which are reasonable and appropriate in the circumstances.
SailGP will retain some data and forms of information for longer than others. In line with principle 5 of the Act, information is not sought to be kept longer than is necessary.
The retention of all documents and records is impractical and appropriate disposal forms an important aspect of this Policy. Disposal will assist SailGP to maintain sufficient electronic and office storage space and will de-clutter office accommodation. SailGP operates a “paper light” approach to hard copy documents with the large majority of records being retained electronically rather than as hard copies where possible.
A table containing the intended retention period is given for each relevant data category. The retention period applies to all records in that category default, and will be adhered to wherever possible, although it is recognised by SailGP that there may be exceptional circumstances which require documents to be kept for either shorter or longer periods. In addition, it should be noted that, in line with the Act and SailGP’s obligation to implement appropriate physical and technical security measures, the data and information held by SailGP electronically is regularly and periodically backed up. These back-up copies are maintained indefinitely and in accordance with SailGP’s Security Policy to ensure the consistency and stable framework upon which SailGP operates its business. On this basis these back-up copies are unaffected by the retention periods for each relevant data category which form part of this Policy. The data set which forms part of each backup copy will be unaffected by the retention periods and action taken in line with the retention periods as referred to below.
Retention periods also apply to all formats of records, i.e. paper and electronic, unless specifically stated otherwise.
The primary factors that inform decisions on retention are:
- Business need.
- Services provided to our customers and fans.
- Provision of professional services such as global sports league.
- Our experience of when retention of information and data is likely to be beneficial to the data subject as relevant to the specific services they seek from SailGP, including staying up to date with SailGP’s operations.
- Legislative and regulatory requirements – for example compliance with the fifth data protection principle. Where relevant legislation is listed.
- Informed and express consent of the data subject.
In our experience, data subjects are often keen to consent to SailGP maintain data and information beyond the periods referred to as part of this Policy. The reason and justification for these extended periods of retention, by way of example, can include:
- Provision of extended record keeping services.
- Removing an administrative burden from data subjects.
- Enabling an ease of operation between SailGP and the data subject.
Maintaining an ongoing business relationship, which may be limited to matters such as a data subject’s ongoing interest in SailGP including attendance at events operated on an annual basis.
It is therefore not unusual for data subjects to provide free and unambiguous consent to SailGP to retain data beyond the periods forming part of this Policy.
Data Retention Schedule - Summary
1. Purpose of this document
A vital part of SailGP’s Data Protection Policy and practice is for personal data to be retained for the appropriate period of time – neither too long nor too short. It is SailGP’s policy to retain all information only for as long as specified in the Data Retention Schedule and, in general, no longer than two years plus the current year.
This document is a summary of the Data Retention Schedule, and gives an indication of the categories of personal data held by SailGP and the basis on which SailGP often retains data and information for longer than the two years stipulated in the Policy.
2. Current plus two-year rule
Personal data is not usually held for more than two years after it ceases to be current, unless there is a specific reason for doing so (see below for the specific categories requiring different retention periods). The definition of current will vary according to the personal data: for example, it will mean until a SailGP event has taken place, the completion of a SailGP season, or until a member of staff has ceased being employed by SailGP where it relates to staff.
The ‘current plus two years’ rule is a target period for retention. If there is no need to keep the personal data that long, then it may be disposed of securely before the two years’ time-limit. SailGP will aim to assess and update data held in accordance with this Policy on a quarterly basis which means the two-year plus current rule will ultimately be subject to this quarterly variance.
3. Exceptions to the two-year rule
This section gives a guide to the categories which have legislation determining the length of time for which personal data within that category should be retained. An indication is given to the main section of the Data Retention Schedule dealing with this category.
|Category||Examples & Retention period|
|Financial records||Tax information, cash book payments etc. Payroll data. Current year plus 6 years|
|Complaints||Correspondence with complainants, correspondence with a regulatory body such as the Information Commissioner’s Office. Current year plus 6 years|
|Contractual arrangements||Supplier agreements, Service level agreements. Legal contracts. Tender documentation. Life of contract plus 6 years|
|Governance papers||Articles, Instruments and company administration records. Agendas and minutes of meetings. Current year plus 6 years|
|Data Protection requests||Correspondence regarding Data Subject Access requests. Current year plus six years|
|Personnel records||Wide variety of specific retention limits – please see Schedule below. From 6 months to 75 years|
|Health and Safety records||Please refer to Health and Safety Officer. Retention Schedule Up to 50 years|
|Details relating to SailGP teams and its representatives||Financial information, personal data, audit information. Current year plus 6 years|
Given our experience of document and data retention, SailGP operates a Policy where usually data is firstly archived. Archived data can then either become live data on the basis of repeated operation or alternatively can lead to deletion of the data after the periods of retention forming part of this Policy.
Data which is archived is held on the following basis:
- Once data has been archived this means it will not be actively used by SailGP. Unless the data becomes current and/or the data subject requests such data to become current.
- Once data becomes current again the two year plus current year rule will be reapplied to such data.
- Data which has been archived will generally remain archived for two years and then will be destroyed or anonymised.
Data Retention periods (Detailed)
|Data Category||Records Held (type of data)||Retention Timescale years||Purpose of Retention||Action Following Retention||Legal Basis/Relevant SailGP Policy|
|Payroll||Payroll Records||Current Tax Year + 6||Legal Compliance||Destroy||HMRC Policy|
|Time Sheets||Current Year + 2||Consistent with Policy||Destroy||HR Policy|
|Salary Details||Current Tax Year + 6||Legal Compliance||Destroy||HRMC Policy|
|Overtime Records||Date of Termination + 3||Consistent with Policy||Destroy||HR Policy|
|P45||Current Tax Year + 5||Legal Compliance||Destroy||Taxes Management Act 1970|
|P60 Lists||Previous Year + 2||Consistent with Policy||Destroy||HR Policy|
|Finance||Annual Accounts||Previous Year +2+ Archive||Consistent with Policy||Permanent||Finance Policy|
|Monthly Financial Statements||Current Year + 2||Consistent with Policy||Destroy||Finance Policy|
|Internal Audit Reports||Current Financial Year + 2||Consistent with Policy||Destroy||Finance Policy|
|External Audit Reports||Previous Year + 2 + Archive||Consistent with Policy||Permanent||Finance Policy|
|Tax Documentation||Current Financial Year + 5||Legal Compliance||Destroy||Value Added Tax Act 1994|
|VAT Administration||Current Tax Year + 5||Consistent with Policy||Destroy||Finance Policy|
|Cheque Reconciliations||Creation until after Audit then 6||Consistent with Policy||Destroy||Finance Policy|
|Travel/Staff Expenses, etc.||Current Year + 5||Consistent with Policy||Destroy||Finance Policy|
|BACS prints||Current Financial Year + 3||Consistent with Policy||Destroy||Finance Policy|
|Legal Costs||Current Financial Year + 5||Consistent with Policy||Destroy||Finance Policy|
|Invoices||Current Year + 5||Consistent with Policy||Destroy||Finance Policy|
|Orders||Current Year + 5||Consistent with Policy||Destroy||Finance Policy|
|Purchase Records||Current Tax Year + 5||Consistent with Policy||Destroy||Finance Policy|
|Human Resources||Current Staff Details||Retain and check currency||Legal Compliance||Retain||CIPD Recommendation|
|Former Staff Details||Date of Termination + 6||Legal Compliance||Destroy||CIPD Recommendation|
|Staff Career Development Reviews||Retain for current staff. Former staff Termination + 2||Consistent with Policy||Retain/Destroy||HR Policy|
|Attendance Records||Date of Termination + 4||Consistent with Policy||Destroy||HR Policy|
|Occupational Health Reports||Date of Termination + 4||Consistent with Policy||Destroy||HR Policy|
|Employee Counselling Returns||Date of Termination + 4||Consistent with Policy||Destroy||HR Policy|
|Exit Interview Forms||Date of Termination + 1||Consistent with Policy||Destroy||HR Policy|
|Employment Tribunal Records||Date of Termination + 1||Consistent with Policy||Destroy||HR Policy|
|Personal and Domestic Leave Requests||Date of Termination + 2||Consistent with Policy||Destroy||HR Policy|
|Declaration of Outside Employment||Date of Termination + 4||Consistent with Policy||Destroy||HR Policy|
|Holiday/Leave Registers||Date of Termination + 2||Consistent with Policy||Destroy||HR Policy|
|Pension Documents||Date of Termination + 6||Consistent with Policy||Destroy||HR Policy|
|References||Date of Termination + 3||Consistent with Policy||Destroy||HR Policy|
|Disclosure Certificates (clear)||Record Receipt Only||Consistent with Policy||Destroy||HR Policy|
|Disciplinary Records||Date of Termination + 1||Consistent with Policy||Destroy||HR Policy|
|Grievance Records||Date of Termination + 1||Consistent with Policy||Destroy||HR Policy|
|Agency Worker CV||Active + 1||Consistent with Policy||Destroy||HR Policy|
|Data held on HR System||Date of Termination + 6||Consistent with Policy||Destroy||HR Policy|
|Maternity Leave Requests||Current Tax Year + 3||Consistent with Policy||Destroy||HR Policy|
|Flexible Working Requests||Date of Termination + 2||Consistent with Policy||Destroy||HR Policy|
|Personnel Files||Date of Termination + 6||Consistent with Policy||Destroy||HR Policy|
|Training Records||Date of Termination + 6||Consistent with Policy||Destroy||HR Policy|
|Redundancy Details||Active + 6||Consistent with Policy||Destroy||HR Policy|
|Recruitment Documents||6 months||Legal Compliance||Destroy||CIPD Recommendation|
|Previous Employment Details||6 months||Legal Compliance||Destroy||CIPD Recommendation|
|Successful Post Applications||Transfer to staff file||Legal Compliance||Transfer to staff file||CIPD Recommendation|
|Unsuccessful Post Applications||1 Year||Legal Compliance||Destroy||CIPD Recommendation|
|Interview Notes||1 Year||Legal Compliance||Destroy||CIPD Recommendation|
|Bank Details||Current Tax Year + 5||Consistent with Policy||Destroy||HR Policy|
|Health and Safety||Health and Safety Reports||Current Year + 5||Consistent with Policy||Destroy||H&S Policy|
|Health and Safety Records||40 (COSHH)||Consistent with Policy||Archive||H&S Policy|
|Legal Documentation||Permanent||Consistent with Policy||Archive||H&S Policy|
|Risk Assessment Reports||Year of Assessment + 3||Legal Compliance||Destroy||Management of Health and Safety at Work Regulations 1992|
|Accident Book||4 years from date of last entry||Legal Compliance||Archive||Legislation|
|Health and Safety Correspondence||Current Year + 5||Legal Compliance||Destroy||Legislation|
|Safety Training Records||Current Year + 6||Legal Compliance||Destroy||Legislation|
|Fire Safety Certificates||Permanent||Legal Compliance||Archive||Legislation|
|Fire Risk Assessment and Fire Plans||Active||Legal Compliance||Archive||Legislation|
|PPE Maintenance and Examination||Current Financial Year + 5||Legal Compliance||Archive||Legislation|
|LEV Monitoring||Current Financial Year + 6||Legal Compliance||Archive||Legislation|
|Lifting Operations - Examinations||Active||Legal Compliance||Archive||Legislation|
|Fire Occurrence Records||Current Year + 5||Consistent with Policy||Destroy||H&S Policy|
|Insurance||Insurance Policies||12 years||Legal Compliance||Archive||Legislation|
|Employers Liability Claims||Permanent||Legal Compliance||Archive||Legislation|
|Estates||Building Plans||Permanent||Consistent with Policy||Available||Property Policy|
|Resource Management||Current Financial Year + 2||Consistent with Policy||Destroy||Property Policy|
|Legal Documentation||Permanent||Consistent with Policy||Archive||Property Policy|
|Waste Transfer Notes||Current Financial Year + 2||Legal Compliance||Archive||Legislation|
|Waste Consignment Notes||Current Financial Year + 3||Legal Compliance||Archive||Legislation|
|Business Continuity Plan||Active||Consistent with Policy||Archive||Property Policy|
|Security Information||Current Year + 5 years||Consistent with Policy||Destroy||Property Policy|
|Leased Property Files||End of lease + 5 years||Consistent with Policy||Destroy||Property Policy|
|Property Files||Current Financial Year + 5||Consistent with Policy||Destroy||Property Policy|
|Job Files||Current Financial Year + 5||Consistent with Policy||Destroy||Property Policy|
|Leases||End of lease + 5 years||Consistent with Policy||Destroy||Property Policy|
|CCTV recordings||28 days||Consistent with Policy||Destroy unless legally required||CCTV Policy|
|Marketing||Promotional Material||Current Year + Archive||Consistent with Policy||Archive||Marketing Policy|
|Public Relations||Current Year + Archive||Consistent with Policy||Archive||Marketing Policy|
|Community Liaison||Current Year + Archive||Consistent with Policy||Archive||Marketing Policy|
|Press Cuttings||Current Year + Archive||Consistent with Policy||Archive||Marketing Policy|
|ICT||Functional Specifications||Active + 2||Consistent with Policy||Destroy||IT Policy|
|Current Technical Specifications||Active||Consistent with Policy||Destroy||IT Policy|
|Operating Logs||Active + 1||Consistent with Policy||Destroy||IT Policy|
|Security Incident Report||Current Year + 5||Consistent with Policy||Destroy||IT Policy|
|Emails||Active + 2||Consistent with Policy||Destroy||IT Policy|
|Photocopying Log||Deleted after three months||Consistent with Policy||Destroy||IT Policy|
|Corporation||Annual Reporting and Accounts||Permanent||Legal Compliance||Archive||Corporate Policy|
|Policy Documents||Active + 5||Legal Compliance||Destroy||Corporate Policy|
|Board Committee Papers||Current Year + 5||Legal Compliance||Destroy||Corporate Policy|
|Board Minutes||Permanent||Legal Compliance||Archive||Corporate Policy|
|General Correspondence||Current Year + 5||Legal Compliance||Destroy||Corporate Policy|
|SMT||Senior Management Team Minutes||Current Year + 5||Legal Compliance||Destroy||Corporate Policy|
|Senior Management Team Papers||Current Year + 5||Legal Compliance||Destroy||Corporate Policy|
|Racing League||Ticketing Information||Current Year + 2||Consistent with Policy||Archive||In line with Ticketing Suppliers Policy|
|Accreditation Information||Current Year + 2||Attendees at Events will often follow up and attend in subsequent years||Archive||N/A|
|Website Subscriber||Current Year + 6||As data subjects can unsubscribe, not doing so means retention is relevant||Archive||N/A|
|Athlete data, including diametric data||Current Year of SailGP Season + 2||Relevance to broadcast footage||Archive||N/A|
|Attendee at SailGP Hospitality||Current Year of SailGP Season + 2||Attendees will often follow to attend subsequent years||Destroy/Anonymised||N/A|
Last updated: 7 November 2022