26. Data Protection

  1. Vault may collect, use and store the personal information (“Personal Data”) which you provide from time to time. As used herein “Personal Data” has the meaning given to the term in the ADGM Data Protection Regulations 2021 (as amended). Personal Data may include information provided for the purpose of compliance with anti-money laundering regulations and information deriving from transactions that Vault carries out on your behalf.

  2. You consent to us using and holding your Personal Data in accordance with our Privacy Policy.

  3. In particular, Vault may use the Personal Data that it collects:

    1. to open your Account and enable related trading arrangements;

    2. to supply the services;

    3. to meet Vault’s obligations under FSRA Rules and other applicable law;

    4. for client service, analysis and market research purposes;

    5. to undertake credit and reference checks and/or to recover a debt or for the purposes of legal proceedings; and/or

    6. for general account administration purposes.

  4. You agree that Vault may share your Personal Data in the following circumstances:

    1. where Vault uses your Personal Data to assess your eligibility for the services and to verify your identity;

    2. Vault may share Personal Data with its affiliates and with third parties who may administer and operate the Account from time to time. Vault will always take appropriate measures and meet its legal obligations to ensure that any Personal Data transferred to such third parties is kept securely;

    3. on an assignment of the obligation and rights under this Agreement, or if Vault restructures its business or the whole or any part of its business is sold then Vault may transfer your information to the relevant third party provided this is in line with statutory data protection requirements; and

    4. Vault may share your Personal Data with UAE and overseas law enforcement agencies or regulatory authorities and other relevant bodies for crime prevention purposes.

  5. Vault will retain copy records for a period stipulated by us in accordance with FSRA Rules and other applicable law from the date of termination of your Agreement. Vault may scan and retain all hard copy documentation including Personal Data within our data storage system indefinitely. Retained data may be archived off-site and can usually be retrieved within three working days. Vault may seek to recover reasonable expenses for retrieval of any data after the termination date.

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