(a) From time to time, it may be necessary for the client to supply CIS with data in connection with the opening or continuation of the Account and the establishment of continuation of credit facilities or provision of securities brokerage, nominee and any other investment services. At the same time, some of the data are collected pursuant to laws, regulations, rules or codes binding on CIS or any of its Associates.
(b) Failure to supply such data may result in CIS being unable to open or continue accounts or establish or continue credit facilities or provide securities brokerage, nominee and any other investment services.
(c) Data is collected from the Client in the ordinary course of the continuation of the business relationship.
Personal data held by CIS relating to the Client, the Client's agent(s) or the Client's guarantor(s) (if any) may be used for the purposes of the maintenance and operation of the distribution of research, enforcement against counterparty, risk assessment, compliance with regulatory requirements to know Client and to carry out due diligence to assess the Client's investment suitability and for any other directly related purposes and will be kept confidential, but the CIS may provide such information to (a) any agent, contractor or third party service provider who provides administrative, telecommunications, computer, payment or securities clearing, printing or other services to the CIS in connection with the operation of its business (b) any Associated of CIS (c) any other person under a duty of confidentiality to CIS including any Associate of CIS which has undertaken to keep such information confidential (d) any financial institution with which the Client has or proposed to have dealings (e) any actual or proposed assignee of CIS or participant or sub-participant or transferee of CIS's rights in respect of the Clients (f) any person when we are compelled to make disclosure under the requirements of any law binding on CIS or any Associate of CIS (g) any person with the Client's express or implied consent (h) any person where our interests required disclosure and (i) any person where the public interest requires disclosure.
3.01 The purposes for which data relating to a Client may be used are as follows: (a) the daily operation of the services and credit facilities provided to the Client; (b) conducting credit checks; (c) assisting other financial institutions to conduct credit checks; (d) ensuring ongoing credit worthiness of the Client; (e) designing financial services or related products for the Client's use; (f) marketing financial services or related products; (g) determining the amount of indebtedness owed to or by the Client; (h) collection of amount outstanding from the Client and those providing security for the Client's obligation; (i) meeting the requirement to make disclosure under the requirements of any laws, regulations, rules, codes binding on CIS or any Associate of CIS; and (j) purposes ancillary or relating thereto when necessary.
3.02 In the course of performing our duties the CIS may, as permitted by law, match, compare, transfer or exchange any personal data provided by the Client with data held, or hereafter obtained, for these or any other purposes by the CIS, government bodies, other regulatory authorities corporations, organizations or individuals in Hong Kong or overseas for the purpose of verifying those data.
CIS intends to use and/or transfer the Client's data to any Associate of CIS for direct marketing and CIS requires the consent (including no objection) of the Client for that purpose. In this connection, please note that: (a) the name, contact details, portfolio information, transaction pattern and financial background of the Client may be used in direct marketing of investment or financial related products and services of CIS; and (b) if a Client does not wish CIS to use and/or transfer the Client's data for use in direct marketing the Client may, without charge, exercise the right to opt-out.
Under and in accordance with the Personal Data (Privacy) Ordinance any individual: (a) has the right to check whether CIS holds data about him/her and the right of access to such data; (b) has the right to require CIS to correct any data relating to him/her which is inaccurate; and (c) has the right to ascertain CIS's policies and practices in relation to data and to be informed of the kind of personal data held by CIS.
The person to whom requests for access to data or correction of data or opt out of receiving direct marketing material or for information regarding policies and practices and kinds of data held are to be addressed is as follows: Data Protection Officer, China International Securities Limited, Rm 6812-6813, 68/F, The Center, 99 Queen's Road, Central, HK, Email: cs@ci-sec.com, Tel: 28896826.
In accordance with the terms of the Personal Data (Privacy) Ordinance, Cap.486 of the Laws of Hong Kong ("the Ordinance"), CIS has the right to charge a reasonable fee for the processing of any data access request.
In addition to the CIS's duty of confidentiality to customers, CIS shall at all times observe the above privacy principles and the Ordinance of the Hong Kong SAR in collecting, maintaining and using the personal data of customers.
This Policy may be revised, amended or supplemented from time to time by CIS.