Thank you for trusting us and choosing our products! We would like to inform you of the latest regulations concerning the protection of individuals with regard to the processing of personal data and the free movement of such data.
As of 25 May 2018, the new EU Regulation on the protection of personal data (GDPR), whose main goal is to prepare Europe for the realities of the new digital economy, will enter into force. This Regulation marks an essential step towards the strengthening of citizens’ fundamental rights in the digital era, while promoting economic activity through a set of simplified rules for the companies which are active on the single digital market.
SAI Erste Asset Management (SAI Erste), as investment fund / individual investment portfolio manager processes the personal data of investors pursuant to a legal obligation set forth in the applicable legal provisions (i.e. the Law on the prevention and control of money laundering and other specific laws and regulations applicable to asset management companies).
If investors object to the processing of personal data required for identification purposes, SAI Erste will not be able to provide the asset management services within the scope of its authorisation, and comply with the applicable legal requirements.
Please rest assured that the personal data you make available to us will be treated with due care and pay attention to the following important information.
Personal data means 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.
Processing means 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.
Processing of personal data for direct marketing purposes
The processing of personal data for direct marketing purposes has as legal basis the legitimate interest of keeping you up to date with the status of our products. The marketing materials sent to you by SAI Erste offer relevant information concerning the products you chose to invest in.
Examples of marketing materials provided to you by SAI Erste: Monthly newsletters concerning the investments and performance of our funds, brochures with general information concerning our funds, etc.
You have the right to object to the processing of your personal data for direct marketing purposes. To this end, you may visit the SAI Erste headquarters or any Romanian Commercial Bank branch, where you will fill in a form.