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ARCH Emerging Markets Partners Limited ("ARCH") offers a transparent approach to this process, offering past, current and prospective clients serenity on this matter.
As a Private Equity firm, here are some examples which will fall under GDPR:
GDPR sets out six conditions for lawful processing. Personal data can only and must only be processed if we can rely on one of the following six reasons:
Consent:
You have given clear and unambiguous consent for us to
process your personal data for a specific purpose.
Contract:
You have expressly agreed in writing that the processing
is necessary
as a result which stems from the agreement of a written contract.
Legal obligation:
Under government regulation, processing is
necessary for you
to comply with the law, which does not include contractual obligations as above.
Vital interests:
The processing of data is essential to protect
your life.
Public task:
The processing of data is essential for us to perform
a task in the public interest.
Legitimate interests:
The processing of your data has a legitimate
interest for us or the legitimate interests of a a third party and there is good reason to protect your
personal data which overrides those legitimate interests.
Sensitive Personal Data
Under the new GDPR, special categories of data may only be processed lawfully if one of above conditions are met which is set out in Article 9(2) of the GDPR.
Sensitive personal data may include, but is not limited to:
The six principles​ - Article 5 GDPR
1. Lawfulness, fairness and transparency
This principle entails that it must be clear why personal data is being collected and how it will be
used. ARCH will provide you with details about what data we will hold or will be holding and how it will
be processed and why it is being processed.
2. Purpose limitations​
Personal data can only be obtained for specified, explicit and legitimate purposes. ARCH will not
use your personal data for a purpose to which you have not consented or which has not been made clear to
you.
3. Data minimisation
ARCH will not collect more personal data than is strictly necessary for the purpose which has been
agreed.
4. Accuracy
Personal data which ARCH collects will be accurate and kept up to date where necessary. We will make
it clear to clients that individuals must be able to update their personal data if it is wrong or out of
date.
5. Storage limitations​
ARCH Emerging Markets Partners Limited will not keep personal data for longer than is necessary.
6. Integrity and confidentiality
ARCH are solely responsible for the security of personal data which we collect and store. The steps
we will take to ensure this will be proportionate to the risks of data breach and how we will protect
personal data from negligent or misuse.