1. From time to time, it is necessary for clients to supply the group with data in connection with the opening or continuation of accounts and the establishment or continuation of credit facilities or provision of securities brokerage, nominee and investment advisory service. At the same time, some of the data are collected pursuant to laws, regulations, rules or codes binding on the Broker or any Broker’s Group Company
2. Failure to supply such data may result in the Broker being unable to open or continue accounts or establish or continue credit facilities or provide securities brokerage, nominee and investment advisory services.
3. It is also the case that the data are collected from clients in the ordinary course of the continuation of the business relationship.
4. The purpose for which data relating to a client may be used are as follow:-
- he daily operation of the services and credit facilities provided to clients;
- conducting credit checks;
- assisting other financial institutions to conduct credit checks;
- designing financial services or related products for client’s use;
- marketing financial services or related products for client’s use;
- marketing financial services or related products;
- determining the amount of indebtedness owed to or by clients;
- collection of amount outstanding from clients and those providing security for clients’ obligation;
- meeting the requirements to make disclosure under the requirements of any laws, regulations, rules, codes binding on the Broker or any Broker’s Group Company; and
- purposes ancillary or relating thereto.
5. Data held by the Broker relating to a client will be kept confidential but the broker may provide such information to the following parties within or outside Hong Kong to the extent permitted by law:-
- any agent, contractor or third party service provider who provides administrative, telecommunications, computer, payment or securities clearing, printing or other services to the Broker in connection with the operation of its business;
- any other companies within the Broker’s Group Company, including the parent company;
- any other person under a duty of confidentiality to the broker including a company of the Broker’s Group Company which has undertaken to keep such information confidential;
- any financial institution with which the client has or proposes to have dealings;
- any actual or proposed assignee of the Broker or participant or sub-participant or transferee of the Broker’s rights in respect o f the client.
- any other person when we are compelled to make disclosure under the requirements of any laws binding on the Broker or any of Broker’s Group company;
- any person with the client’s express or implied consent; and
- any person in the event that the Broker’s interests require disclosure.
6. In the course of performing our duties, the Broker may, as permitted by law, match, compare, transfer or exchange any personal data provided by the client, or hereafter obtained, for these or any other purposes by the Broker, with data held by government bodies, other regulatory authorities, corporations, organizations or individuals in Hong Kong or overseas for the purpose of verifying those data.
7. Under and in accordance with the terms of the Ordinance, any individual:-
- has the right to check whether the Broker holds data about him/her and the right of access to such data;
- has the right to require the Broker to correct any data relating to him/her which is inaccurate; and
- has the right to ascertain the Broker’s policies and practices in relation to data and to be informed of the kind of personal data held by the Broker.
8. In accordance with the terms of the Ordinance, the Broker has the right to charge a reasonable fee for the processing of any data access request.
9. The person to whom requests for access to data or correction of data or for information regarding policies and practices and kind of data held, please feel free to contact us.