Recital 36

It is essential that the information on beneficial ownership remains available through the central registers and through the system of interconnection of central registers for a minimum of 5 years after the legal entity has been dissolved or the legal arrangement has ceased to exist. Member States should be able to provide by law additional grounds for the processing of beneficial ownership information for purposes other than AML/CFT, if such processing meets an objective of public interest and constitutes a necessary and proportionate measure in a democratic society to the legitimate aim pursued.