PRIVACY & DATA PROTECTION POLICY
In its everyday business operations, Euro Options Limited (Euro Options) makes use of a variety of data about identifiable individuals, including data about:
- Current, past and prospective employees
- Users of its websites
- Other stakeholders
In collecting and using this data, the organisation is subject to a variety of legislation controlling how such activities may be carried out and the safeguards that must be put in place to protect it.
The purpose of this policy is to set out the relevant legislation and to describe the steps Euro options is taking to ensure that it complies with it.
This control applies to all systems, people and processes that constitute the organisation’s information systems, including board members, directors, employees, suppliers and other third parties who have access to Euro options systems.
2. Information About Us
2.1 Our Site is located Unit 5A, Greenvale Business Park, Todmorden Road, Littleborough, Lancashire, United Kingdom OL15 9FG.
2.2 Our VAT number is GB 719729301.
2.3 Our Data Protection Officer is William Holt and can be contacted by email at firstname.lastname@example.org, by telephone on +44 1706 838300, or by post at located Unit 5A, Greenvale Business Park, Todmorden Road, Littleborough, Lancashire, United Kingdom OL15 9FG.
2.4 We are registered as Euro Options Ltd with Her Majesty’s Revenue & Customs – No 3640289.
3. What Does This Policy Cover?
4. Privacy and Personal Data Protection Policy
The General Data Protection Regulation
4.1 The General Data Protection Regulation 2016 (GDPR) is one of the most significant pieces of legislation affecting the way that Euro Options carries out its information processing activities. Substantial fines are applicable if a breach is deemed to have occurred under the GDPR, which is designed to protect the personal data of citizens of the European Union. It is Euro Options policy to ensure that our compliance with the GDPR and other relevant legislation is clear and demonstrable at all times.
There is a total of 26 definitions listed within the GDPR, and it is not appropriate to reproduce them all here. However, the most fundamental definitions with respect to this policy are as follows:
Personal data is defined as:
“any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;”
“any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction;”
“the natural or legal person, public authority, agency or other body which, alone or jointly with others, determines the purposes and means of the processing of personal data; where the purposes and means of such processing are determined by Union or Member State law, the controller or the specific criteria for its nomination may be provided for by Union or Member State law;”
5.1 Principles Relating to Processing of Personal Data
There are a number of fundamental principles upon which the GDPR is based.
These are as follows:
1. Personal data shall be:
(a) processed lawfully, fairly and in a transparent manner in relation to the data subject (‘lawfulness, fairness and transparency’);
(b) collected for specified, explicit and legitimate purposes and not further processed in a manner that is incompatible with those purposes; further processing for archiving purposes in the public interest, scientific or historical research purposes or statistical purposes shall, in accordance with Article 89(1), not be considered to be incompatible with the initial purposes (‘purpose limitation’);
(c) adequate, relevant and limited to what is necessary in relation to the purposes for which they are processed (‘data minimisation’);
(d) accurate and, where necessary, kept up to date; every reasonable step must be taken to ensure that personal data that are inaccurate, having regard to the purposes for which they are processed, are erased or rectified without delay (‘accuracy’);
(e) kept in a form which permits identification of data subjects for no longer than is necessary for the purposes for which the personal data are processed; personal data may be stored for longer periods insofar as the personal data will be processed solely for archiving purposes in the public interest, scientific or historical research purposes or statistical purposes in accordance with Article 89(1) subject to implementation of the appropriate technical and organisational measures required by this Regulation in order to safeguard the rights and freedoms of the data subject (‘storage limitation’);
(f) processed in a manner that ensures appropriate security of the personal data, including protection against unauthorised or unlawful processing and against accidental loss, destruction or damage, using appropriate technical or organisational measures (‘integrity and confidentiality’).
2. The controller shall be responsible for, and be able to demonstrate compliance with, paragraph 1 (‘accountability’).
Euro Options must ensure that it complies with all of these principles both in the processing it currently carries out and as part of the introduction of new methods of processing such as new IT systems.
6. Rights of the Individual
6.1 As a data subject, you have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
6.1.1 The right to be informed about Our collection and use of personal data;
6.1.2 The right of access to the personal data we hold about you (see section 8);
6.1.3 The right to rectification if any personal data We hold about you is inaccurate or incomplete (please contact Us using the details in section 17);
6.1.4 The right to be forgotten – i.e. the right to ask Us to delete any personal data We hold about you (We only hold your personal data for a limited time, as explained in section 6 but if you would like Us to delete it sooner, please contact Us using the details in section 9);
6.1.5 The right to restrict (i.e. prevent) the processing of your personal data;
6.1.6 The right to data portability (obtaining a copy of your personal data to re-use with another service or organisation);
6.1.7 The right to object to Us using your personal data for particular purposes; and
6.1.8 Rights with respect to automated decision making and profiling.
6.2 If you have any cause for complaint about Our use of your personal data, please contact Us using the details provided in section 9 and We will do Our best to solve the problem for you. If We are unable to help, you also have the right to lodge a complaint with the UK’s supervisory authority, the Information Commissioner’s Office.
For further information about your rights, please contact the Information Commissioner’s Office or your local Citizens Advice Bureau.
6.3 Timescales for data subject requests
These timescales are shown in Table 1.
|Data Subject Request||Timescale|
|The right to be informed||When data is collected (if supplied by data subject) or within one month (if not supplied by data subject)|
|The right of access||One month|
|The right to rectification||One month|
|The right to erasure||Without undue delay|
|The right to restrict processing||Without undue delay|
|The right to data portability||One month|
|The right to object||On receipt of objection|
|Rights in relation to automated decision making and profiling.||Not specified|
Unless it is necessary for a reason allowable in the GDPR, explicit consent must be obtained from a data subject to collect and process their data. In case of children below the age of 16 parental consent must be obtained. Transparent information about our usage of their personal data must be provided to data subjects at the time that consent is obtained and their rights with regard to their data explained, such as the right to withdraw consent. This information must be provided in an accessible form, written in clear language and free of charge.
If the personal data are not obtained directly from the data subject, then this information must be provided within a reasonable period after the data are collected and definitely within one month.
6.5 Privacy by Design
Euro options has adopted the principle of privacy by design and will ensure that the definition and planning of all new or significantly changed systems that collect or process personal data will be subject to due consideration of privacy issues, including the completion of one or more data protection impact assessments.
The data protection impact assessment will include:
- Consideration of how personal data will be processed and for what purposes
- Assessment of whether the proposed processing of personal data is both necessary and proportionate to the purpose(s)
- Assessment of the risks to individuals in processing the personal data
- What controls are necessary to address the identified risks and demonstrate compliance with legislation
Use of techniques such as data minimisation and pseudonymisation should be considered where applicable and appropriate.
6.6 Transfer of Personal Data
Transfers of personal data outside the European Union must be carefully reviewed prior to the transfer taking place to ensure that they fall within limits imposed by the GDPR. This depends partly on the European Commission’s judgement as to the adequacy of the safeguards for personal data applicable in the receiving country, and this may change over time.
Intra-group international data transfers must be subject to legally binding agreements referred to as Binding Corporate Rules (BCR) which provide enforceable rights for data subjects.
6.7 Data Protection Officer
A defined role of Data Protection Officer (DPO) is required under the GDPR if an organisation is a public authority if it performs large scale monitoring or if it processes particularly sensitive types of data on a large scale. The DPO is required to have an appropriate level of knowledge and can either be an in-house resource or outsourced to an appropriate service provider.
Based on these criteria, Euro Options does not require a Data Protection Officer to be appointed, however, due to the global turnover of the company, the Board have decided to onboard a Data Protection Officer for risk mitigation purposes.
6.8 Breach Notification
It is Euro Options’ policy to be fair and proportionate when considering the actions to be taken to inform affected parties regarding breaches of personal data. In line with the GDPR, where a breach is known to have occurred which is likely to result in a risk to the rights and freedoms of individuals, the relevant Supervisory Authority (SA) will be informed within 72 hours. This will be managed in accordance with our Information Security Incident Response Procedure which sets out the overall process of handling information security incidents.
Under the GDPR the relevant SA has the authority to impose a range of fines of up to four percent of annual worldwide turnover or twenty million Euros, whichever is the higher, for infringements of the regulations.
6.9 Addressing Compliance with the GDPR
The following actions are undertaken to ensure that Euro Options Ltd complies at all times with the accountability principle of the GDPR:
- The legal basis for processing personal data is clear and unambiguous
- A Data Protection Officer is appointed with specific responsibility for data protection in the organisation
- All staff involved in handling personal data understand their responsibilities for following good data protection practice
- Training in data protection has been provided to all staff
- Rules regarding consent are followed
- Routes are available to data subjects wishing to exercise their rights regarding personal data, and such enquiries are handled effectively
- Regular reviews of procedures involving personal data are carried out
- Privacy by design is adopted for all new or changed systems and processes
- The following documentation of processing activities is recorded:
- Organisation name and relevant details
- Purposes of the personal data processing
- Categories of individuals and personal data processed
- Categories of personal data recipients
- Agreements and mechanisms for transfers of personal data to non-EU countries including details of controls in place
- Personal data retention schedules
- Relevant technical and organisational controls in place
These actions will be reviewed on a regular basis as part of the management review process of the information security management system.
7. What Data Do We Collect?
Depending upon your use of Our Site, We may collect some or all of the following personal and non-personal data:
7.2 business/company name
7.3 contact information such as email addresses and telephone numbers;
7.4 demographic information such as postcode, preferences, and interests;
7.5 a list of URLs starting with a referring site, your activity on Our Site, and the site you exit to;
8. How Do We Use Your Data?
8.1 All personal data is processed and stored securely, for no longer than is necessary in light of the reason(s) for which it was first collected. We will comply with Our obligations and safeguard your rights under the GDPR at all times. For more details on security see section 7, below.
8.2 Our use of your personal data will always have a lawful basis, either because it is necessary for Our performance of a contract with you, because you have consented to Our use of your personal data (e.g. by subscribing to emails), or because it is in Our legitimate interests. Specifically, We may use your data for the following purposes:
8.2.1 Supplying Our products and/or services to you (please note that We require your personal data in order to enter into a contract with you);
8.2.2 Personalising and tailoring Our products and/or services for you;
8.2.3 Replying to emails from you;
8.2.4 Supplying you with emails that you have opted into (you may unsubscribe or opt-out at any time by clicking the Unsubscribe link at the bottom of the email);
8.2.5 Market research;
8.3 With your permission and/or where permitted by law, We may also use your data for marketing purposes which may include contacting you by email and/or telephone and/or text message and/or post with information, news, and offers on Our products and/or services. We will not, however, send you any unsolicited marketing or spam and will take all reasonable steps to ensure that We fully protect your rights and comply with Our obligations under the GDPR and the Privacy and Electronic Communications (EC Directive) Regulations 2003.
8.4 You have the right to withdraw your consent to Us using your personal data at any time, and to request that We delete it.
8.5 We do not keep your personal data for any longer than is necessary in light of the reason(s) for which it was first collected. Data will, therefore, be deleted as per our internal Date Retention Policy.
9. How and Where Do We Store Your Data?
9.1 We only keep your personal data for as long as We need to in order to use it as described above in section 6, and/or for as long as We have your permission to keep it.
9.2 Your data will only be stored within the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein).
9.3 Data security is very important to Us, and to protect your data We have taken suitable measures to safeguard and secure data collected through Our Site.
9.4 Steps We take to secure and protect your data include but not limited to:
9.4.4 Use of Pen testing Software
9.4.5 Software vulnerability scanners
10. Do We Share Your Data?
10.1 We may share your data with other companies in Our group for administration, compliance or tax. This includes Our subsidiaries and/or Our holding company and its subsidiaries.
10.2 We may compile statistics about the use of Our Site including data on traffic, usage patterns, user numbers, sales, and other information. All such data will be anonymised and will not include any personally identifying data, or any anonymised data that can be combined with other data and used to identify you. We may from time to time share such data with third parties such as prospective investors, affiliates, partners, and advertisers. Data will only be shared and used within the bounds of the law.
10.3 The third-party data processors used by Us and listed below are located, or We may sometimes use third-party data processors that are located outside of the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein). Where We transfer any personal data outside the EEA, We will take all reasonable steps to ensure that your data is treated as safely and securely as it would be within the UK and under the GDPR including:
10.4 In certain circumstances, We may be legally required to share certain data held by Us, which may include your personal data, for example, where We are involved in legal proceedings, where We are complying with legal requirements, a court order, or governmental authority.
11. What Happens If Our Business Changes Hands?
11.2 In the event that any of your data is to be transferred in such a manner, you will be contacted in advance and informed of the changes. When contacted you will, however, be given a choice to have your data deleted or withheld from the new owner or controller.
12. How Can You Control Your Data?
12.1 In addition to your rights under the GDPR, set out in section 4, when or When you submit personal data via Our Site, you may be given options to restrict Our use of your data. In particular, We aim to give you strong controls on Our use of your data for direct marketing purposes (including the ability to opt-out of receiving emails from Us which you may do by unsubscribing using the links provided in Our emails and at the point of providing your details).
12.2 You may also wish to sign up to one or more of the preference services operating in the UK: The Telephone Preference Service (“the TPS”), the Corporate Telephone Preference Service (“the CTPS”), and the Mailing Preference Service (“the MPS”). These may help to prevent you receiving unsolicited marketing. Please note, however, that these services will not prevent you from receiving marketing communications that you have consented to receive.
13. Your Right to Withhold Information
You may access certain areas of Our Site without providing any data at all. However, to use all features and functions available on Our Site you may be required to submit or allow for the collection of certain data.
14. How and Where Do We Store Your Data?
14.1 We only keep your personal data for as long as We need to in order to use it as described above in section 6, and/or for as long as We have your permission to keep it.
14.2 Your data will only be stored within the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein).
14.3 Data security is very important to Us, and to protect your data We have taken suitable measures to safeguard and secure any data We hold about you (even if it is only your email address).
15. How Can You Access Your Data?
You have the right to ask for a copy of any of your personal data held by Us (where such data is held). Under the GDPR, no fee is payable, and We will provide any and all information in response to your request free of charge. Please contact Us for more details at email@example.com, or using the contact details below in section 9.
17. Contacting Us
Modern Slavery Policy
Euro Options Ltd : Statement Against Modern Slavery and Human Trafficking
Euro Options Limited (EO) Shared Values of Integrity, Excellence, Accountability, Collaboration and Inclusion along with our other trading policies reflect our commitment to acting ethically and with integrity in all our business relationships. EO requires all employees to demonstrate honesty, respect for others and trustworthiness in all we do, and to demonstrate ethical behaviour in all of our interactions with customers, suppliers and colleagues.
On March 26 2015, the Modern Slavery Act 2015 was passed into law in the United Kingdom. This law requires EO to prepare and publish a slavery and human trafficking statement for each financial year of the organization. EO fully supports the aims of the legislation and is committed to complying with applicable anti-slavery and human trafficking laws.
Our Supply Chains
EO‘s standard supplier contracts contain Compliance with Laws provisions that require the parties to comply with all applicable laws, which includes laws about anti-slavery and human trafficking. In addition, EO Supplier Integrity Principles establishes and communicates EO ‘s expectations regarding our suppliers’ compliance with international ethical standards, including regulations on anti-slavery and human trafficking.
Our Policies and Procedure on Slavery and Human Trafficking
EO has made efforts to address the risks of slavery and human trafficking violations in its own business. During pre-employment screening of potential employees, EO verifies that individuals are eligible to work in the Company and meet all applicable age requirements. EO provides Ethics and Compliance awareness training to its employees.
EO’s Supplier Integrity Principles outline principles on human rights, minimum wage, maximum hour and overtime rules, forced, bonded or involuntary labour, human trafficking, child labour and other important legal and compliance areas. The document provides methods for suppliers to speak up if they have a question or to make a report if they suspect any unlawful conduct, including anti-slavery and human trafficking violations.
Employees are expected to report any violations of EO’s conduct to their manager, or a Director. Suppliers, customers, partners, shareholders, and any stakeholders may report concerns anonymously to the Managing Director.
Reports are reviewed and appropriate action including investigations and corrective actions are taken within a reasonable period. Employees and suppliers are protected from retaliation for making a report in good faith, and anyone found to have acted against this protection is subject to disciplinary action up to and including termination.
Our Effectiveness in Combating Slavery and Human Trafficking
Euro Options Limited is continuing to review its processes and supplier relationships to comply with the Modern Slavery Act 2015.
Over the last year EO has introduced a more comprehensive section on modern slavery to its supplier assessment reviews. In addition, there has been awareness training and communication provided across EO’s business relating to this and other relevant polices.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our company (Group) slavery and human trafficking statement for the financial year ending 30th September 2021 and is applicable for the financial year ending 30th September 2022 subject to review.
The UK Modern Slavery Act Transparency Statement has been duly approved and adopted by the Board of Directors of Euro Options Ltd (and Group) who have delegated authority to Peter Morley as Financial Director to sign this statement on their behalf.
A copy of our Modern Slavery Statement can be downloaded here
24th January 2022