We may collect personal data about you through (1) information provided directly to us by you, or another person on your behalf, through our website, by email or post, or in person; (2) information that we obtain in relation to any transactions between you and us; or (3) recording and monitoring of telephone conversations and electronic communications with you as described below. We may also, in some circumstances, receive personal information about you from third parties, such as service providers or trading counterparties, regulatory or law enforcement agencies, credit reference agencies and agencies conducting background checks. Personal information may also be obtained from publicly accessible sources of information, such as public databases, industry associations, social media and online professional networks.
We may collect and use your personal information for the purposes of administering the relationship between us, marketing our products and services to you or the businesses with which you are associated, monitoring and analysing our activities, and complying with applicable legal or regulatory requirements. We will use one of the permitted grounds under the applicable law to process your information. Such grounds include instances where you have given your consent and cases where your consent is not required under applicable law, such as where we are required to comply with a legal obligation, or where we, or a third party, determine that it is necessary for our legitimate interests to collect and use your personal information.
The legitimate interests to collect your personal information may include any of the purposes identified above and any other purpose where we or a third party have determined that you have a reasonable expectation for us or a third party to collect or use your personal information for such purpose. You have the right to object to the use of your personal data for direct marketing purposes.
We are subject to legal and regulatory obligations that may require us to collect and store your personal information, such as the requirements to comply with the applicable law on prevention of financial crime, tax and regulatory reporting, or the rules on recording and monitoring of communications (as described below).
We may also need to collect and use your personal information for the purposes of entering into or performance of a contractual arrangement between us. A refusal to provide us with personal information may, depending on the purpose for which your personal information is required, have various consequences such as us being unable to communicate with you, the termination of any service or other contractual arrangement between us, or, where we have a reasonable suspicion of illegal activity, we may be required to make a report to regulatory or enforcement agencies.
We may (to the extent relevant to the purpose for which we collect your information), share your personal data with third parties, such as: (1) our affiliates or other entities that are part of our group or with our clients; (2) any person to whom we have a right or obligation to disclose personal data, or where we determine that disclosure is necessary to protect or defend our rights or property, including with regulators, courts of law, governmental, regulatory or law enforcement agencies; (3) our internet, IT, telecommunications and other service providers, including legal advisers, accountants, payroll administrators, insurance and employee benefits providers and administrators; (4) service providers and trading counterparties to our clients, including placement agents or distributors, brokers, banks, trading venues, clearing houses, custodians, corporate services providers, administrators of our funds, and providers of customer relationship management tools; (5) credit reference agencies and other third parties conducting background checks in the context of employment or client, counterparty, or investment due diligence; (6) any person, as directed by you; or (7) any person to whom we transfer any of our rights or obligations under any agreement, or in connection with a sale, merger or consolidation of our business or other transfer of our assets, whether voluntarily or by operation of law, or who is otherwise deemed to be our successor or transferee.
Transfers of personal information to countries outside of the European Economic Area (EEA): Due to the international nature of our business, your personal data may be transferred to countries outside of the EEA, such as to jurisdictions where we or our clients conduct business or have a service provider, including countries that may not have the same level of data protection as that afforded by the EU General Data Protection Regulation or other data protection rules applicable to us (collectively, “Data Protection Law”). In these circumstances, we take steps to ensure that the recipient agrees to keep your information confidential and that it is held securely in accordance with the requirements of Data Protection Law, such as by requesting appropriate contractual undertakings in our legal agreements with service providers.
For how long do we keep your personal information? We will generally keep personal information about you for as long as necessary in relation to the purpose for which it was collected, or for such longer period if required under applicable law or necessary for the purposes of our other legitimate interests. The applicable retention period will depend on various factors, such as any legal obligation to which we or our service providers are subject as well as on whether you decide to exercise your right to request the deletion of your information from our systems. As a minimum, information about you will be retained for the entire duration of any business relationship we may have with you, and for a minimum period of five years after the termination of any such relationship. We will, from time to time, review the purpose for which we have collected information about you and decide whether to retain it, update it, or securely delete it, if the information is no longer required.
If you have any questions about this Privacy Notice or requests with regards to the personal data we hold about you, you may contact us +49 69 17326177 or by writing to RATING EVIDENCE GmbH, Ditmarstr. 1, 60487 Frankfurt am Main, Germany. You have the right to complain to the Information Commissioner’s Office (ICO). Further information is available from the ICO’s website.
We may record and monitor telephone conversations and electronic communications with you for the purposes of (1) ascertaining the details of instructions given, the terms on which any transaction was executed or any other relevant circumstances; (2) ensuring compliance with our regulatory obligations; or (3) detecting and preventing the commission of financial crime. Copies of recordings will be stored for a period of five years, or such other longer period as we may determine from time to time.
Within the framework of our contractual relationship, we transmit collected personal data for the purpose of requesting, implementing, and terminating this business relationship, to CRIF Bürgel GmbH, Radlkoferstrasse 2, 81373 Munich.
The legal basis for these transfers are set out in article 6, paragraph 1, point (b), and article 6, paragraph 1, point (f), of the GDPR. Data transfers based on article 6, paragaph 1, point (f), of the GDPR may only take place insofar as this is necessary for maintaining the legitimate interests of our company or those of a third party and is not outweighed by the interests or fundamental rights and freedoms of the data subject, which require protection of personal data. The exchange of data with CRIFBÜRGEL also serves to comply with statutory duties of conducting creditworthiness assessments of customers (sections 505a and 506 of the German Civil Code, BGB).
CRIFBÜRGEL processes the data received and also uses it for the purpose of creating profiles (scoring) to provide its contractual partners in the European Economic Area and Switzerland, and where applicable, third countries (if there exists for the country an adequacy decision of the European Commission) with information, among other things, for assessing the creditworthiness of natural persons. You may find more detailed information about the operations of CRIFBÜRGEL in the CRIFBÜRGEL Fact Sheet or online at www.crifbuergel.de/de/datenschutz.