1. Purpose

This policy outlines the procedures and guidelines for the secure and timely deletion of user data in compliance with relevant data protection laws, ensuring data is retained only for necessary periods and deleted when no longer needed.

2. Scope

This policy applies to all users, employees, contractors, and third-party vendors who have access to user data within Fragvest.

3. Definitions

• ⁠Personal Data: Any information related to an identified or identifiable person.
• ⁠Data Subject: An identifiable individual to whom the personal data relates.

4. Data Classification

Customer data shall be classified based on its sensitivity, with specific attention to personal data under data protection regulations.

5. Data Retention Periods

Customer data will be retained for as long as the account is active. Once the account is voluntarily closed, data enters an "expired" state and will be retained for 60 days. After this period, Fragvest reserves the right to delete the data permanently.

6. ⁠Data Deletion Procedures

• This policy applies to all users, employees, contractors, and third-party vendors who have access to user data within Fragvest.
• ⁠Data Subject: An identifiable individual to whom the personal data relates.

7.⁠ ⁠Data Subject Rights

• This policy applies to all users, employees, contractors, and third-party vendors who have access to user data within Fragvest.
• ⁠Data Subject: An identifiable individual to whom the personal data relates.

8. Review and Audit

Regular reviews and audits will be conducted to ensure compliance with this data deletion policy. The data protection officer is responsible for overseeing these activities.

9. Employee Training

Employees will receive training on data deletion procedures and the importance of compliance with data protection laws..

10. Legal and Regulatory Compliance

This policy is designed to comply with relevant data protection laws and regulations.

11. Communication

This policy will be communicated to all relevant stakeholders, and any updates will be promptly shared.

12. Updates and Revisions

This policy will be reviewed periodically and updated as necessary to ensure ongoing compliance with applicable laws and regulations.

13. Scope

For additional insights into our data protection program, please refer to Fragvest’s Trust Centre.