# The Financial Transparency (EC Directive) Regulations 2009, Regulation 4: Retention of records by public undertakings


(1) A public undertaking shall retain the records which are required to be maintained under regulation 3(1) from the time that the public funds are provided until a period of five years has elapsed from the last day of the financial year in which the public funds were last used.
(2) A public undertaking shall retain the records which are required to be maintained under regulation 3(4) from the time that the public funds are used until a period of five years has elapsed from the last day of the financial year in which the public funds were last used.

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Source: https://www.legislation.gov.uk/uksi/2009/2331/regulation/4 (the official version)
Page: https://openlegislation.uk/financial-transparency-ec-directive-regulations-2009/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.