Privacy Ordinance
NOTICES RELATING TO THE PERSONAL DATA (PRIVACY)ORDINANCE OF HONG KONG (the “PDPO”)
- From time to time, it may be necessary for you to supply GPSL and/or any member of GPSL with data in connection with the opening or continuation of Accounts and the establishment or continuation of credit facilities or provision of the relevant trading, nominee and/or investment advisory services. The data is collected pursuant to applicable laws, regulations, rules or codes binding on GPSL and/or any member of GPSL.
- Failure to supply such data may result in GPSL and/or any member of GPSL being unable to open or continue accounts or establish or continue credit facilities or provide securities trading nominee and/or investment advisory services to you.
- It is also the case that data may be collected from you in the ordinary course of the
continuation of the business relationship.
The purposes for which the data relating to you may be used are as follows:-
- the daily operation of the related services and credit facilities provided to you;
- conducting credit checks;
- assisting other financial institution to conduct credit checks;
- ensuring on-going credit worthiness of you;
- designing financial services or related products for your use;
- marketing financial services, relating products and other subjects (please see further details in paragraph 7 below);
- collection of amounts outstanding from you and amounts as security for your obligations;
- Meeting the requirements to make disclosure under the requirements of any law,
- purposes ancillary or relating to any of the above.
- Data held by GPSL and/or any member of GPSL relating to you will be kept confidential but GPSL and/or any member of GPSL may provide such information to the following parties for the purposes set out in paragraph 4:-
- 1 any member of GPSL, including the holding companies of Grand Partner Limited.
- 2 any agent, contractor or third party service provider who provides administrative,
telecommunications, computer, legal, accounting, payment or securities clearing or other
services to GPSL and/or any member of GPSL in connection with the operation of its
business;
- 5.3 any other person under a duty of confidentiality to GPSL and/or any member of
GPSL;
- 5.4 any financial institution with which you have or propose to have dealings;
- 5.5 any actual or proposed assignee of GPSL and/or any member of GPSL or participant or sub-participant or transferee of GPSL’s rights in respect of you;
- 5.6 any person to whom GPSL and/or any member of GPSL is compelled by law or by
relevant regulatory authorities to make disclosure;
- 5.7 any person with your express or implied consent;
- 5.8 any person where GPSL’s and/or any member of GPSL’s interests require disclosure;
- 5.9 any person where the public interest requires disclosure.
- 6. In the course of performing GPSL’s and/or any member of GPSL’s duties, GPSL and/or any member of GPSL may as permitted by law, match, compare transfer or exchange any
- personal data provided by you with data held, or hereafter obtained, for these or any other purposes by GPSL and/or any member of GPSL, government bodies, other regulatory authorities, corporations, organizations or individuals in Hong Kong or overseas for the purpose of verifying those data
- 7. Use of Data in Direct Marketing
- GPSL (the “Company”)intends to use the subject's data in direct marketing and the
Company requires the data subject's consent (which includes an indication of no objection) for
that purpose. The specific requirement regarding data subject's consent (which includes an
indication of no objection). In this connection, please note that:
- 7.1 the name, contact details, products and services portfolio information, transaction pattern
and behavior, financial background and demographic data of the data subject held by the
Company from time to time may be used by the Company in direct marketing;
- 7.2 the following classes of services, products and subjects may be marketed:
- 7.2.1 financial, securities, commodities, investment and related services and
products and facilities;
- 7.2.2 reward, loyalty or privileges programs and related services and products;
- 7.2.3 services and products offered by the Company's co-branding partners; and
- 7.2.4 donations and contributions for charitable and/or non-profit making purposes;
If a data subject does not wish the Company to use or provide to other persons his data for
use in direct marketing as described above, the data subject may exercise his opt-out right
by notifying the Company.
- 8. Under and in accordance with the terms of the PDPO any individual:-
- 8.1 has the right to check whether GPSL and/or any member of GPSL holds data about him/her and the right of access to such data;
- 8.2 has the right to require GPSL and/or any member of GPSL to correct any data relating
to him/her which is inaccurate; and
- 8.3 has the right to ascertain GPSL’s and/or any member of GPSL’s policies and practices
in relation to data and to be informed of the kind of personal data held by GPSL and/or
any member of GPSL.
- 9. In accordance with the terms of the PDPO, GPSL and/or any member of GPSL has the right to charge a reasonable fee for the processing of any data access request.
- 10. The person to whom requests for access to data or correction of data or for information
regarding policies and practices and kinds of data held are to be addressed is as follows:-
Customer Service Department Tel : (852) 3701 3200