OLT PRIVACY POLICY

This Privacy Policy (the “Policy”) tells you how we, OLT Investment International, collect, use, and share your personal data when you use our website, mobile and PC applications and when we communicate with you and gives you information about our use of cookies and similar tracking technologies. This Policy also describes how we transfer and process your personal data in accordance with a Service Level Agreement between OLT and our parent company, EFG Holding S.A.E (“EFG Holding”).  

It also describes your data protection rights, including a right to object to some of the processing which we carry out. More information about your rights, and how to exercise them, is set out in the ‘What are your rights in relation to the personal data we hold about you?’ section below.

 

Who are we? 

The controllers of your personal data are listed in the Annex to this privacy policy.

These controllers are referred to as ‘we’, ‘our’ and ‘us’ in this Policy. We are committed to protecting your privacy and personal data in accordance with the Bahrain Personal Data Protection Law (No. 30, 2018) and its Executive Decisions. We take seriously our responsibility to hold your personal data securely and confidentially. 

 

What personal data do we process about you?

 

  • Name
  • Account details and related contact information
  • Postal and physical address
  • Telephone or fax number
  • Email address and other identifying addresses for electronic communications
  • Date of birth
  • Employer details, Job title and Annual income
  • Details from passports and other government or state issued forms of personal identification
  • Telephonic or electronic recordings
  • Browser and device information
  • App usage data (features used, time spent in app)
  • Information collected through cookies, pixel tags, google tags and other technologies
  • Demographic information
  • Survey responses and similar information which reveals views and preferences

 

We and our service providers collect the above information in a variety of ways. This includes from you directly and:

 

  • Through a browser or device: Certain information is collected by most browsers or automatically through devices, such as a Media Access Control (MAC) address, computer type (Windows or Mac), screen resolution, operating system name and version, device manufacturer and model, language, Internet browser type and version and the name and version of the services (such as the app) being used. We also collect your IP address, which is automatically assigned to a computer by an Internet Service Provider. An IP address will be identified and logged automatically in our server log files whenever a user accesses any of our services, along with the time of the visit and the page(s) that were visited. We use IP addresses for purposes such as calculating usage levels, diagnosing server problems and for administration purposes. We also derive approximate location from IP address for such purposes and to analyze where users are using our website and services.
  • Using cookies and similar technologies: See the Cookies and Similar Technologies section below.
  • From third parties: See the following section.

 

If you correspond with us via e-mail, we retain a copy of such correspondence for internal use. The information collected is also used to provide a record of communications between you and us and to comply with any applicable legal and/or regulatory requirements.

Do we collect personal data about you from third parties?

We also collect your personal data from third parties:

  • from publicly accessible sources, including publicly available online profiles and databases e.g. to establish and verify your identity, to find out your contact details to supplement the contact information we have about you and to liaise with you in relation to our products and services; and
  • by using third party cookies – this is explained further in the ‘Cookies and similar technologies’ section below.

 

How do we use your personal data?

 

We use your personal data:

 

  1. a) to perform our contract with you or to take steps linked to a contract, such as servicing your account; 

 

  1. b) to pursue our legitimate interests which do not override your interests or fundamental rights and freedoms, such as:

 

  • to operate and administer our website;
  • to provide products and services to our clients and to communicate with you and/or our clients about them;
  • improving and developing the products and services we provide;
  • providing information to you about our and/or our group companies services and products or anything else (e.g. additional products and services) that we think may be of interest to you/our clients (this information may be provided to you in the form of a digital advertisement and campaigns or via email or SMS)
  • to identify which products or services we think you are interested in by using cookies on our website which track and analyse how you use our website;
  • keeping a record of your communications with us for the purposes of your relationship with us and the services we provide;
  • administration, assessment and analysis purposes;
  • to check and verify your identity; 
  • to monitor and analyze the use of our products and services and website for system administration, operation, testing and support purposes;
  • to manage our information technology and to ensure the security of our website and systems;
  • to establish, exercise and/or defend legal claims or rights and to protect, exercise and enforce our rights, property or safety, or to assist our clients or others to do this; and
  • to investigate and respond to complaints or incidents relating to us or our business, to maintain service quality and to train staff to deal with complaints and disputes;
  • to check compliance with and enforce our terms and conditions or other contractual terms; and
  • in relation to any proposed purchase, merger or acquisition of any part of our business;

 

  1. c) to comply with our legal obligations laid down in laws applicable to us including applicable regulations, market rules, any other legal authority in Bahrain or in any other jurisdiction where we (or any of our affiliates) may operate; and

 

  1. d) as explained in the Cookies and Similar Technologies section below. We obtain your consent for the use of non-essential cookies. You have the right to withdraw your consent at any time. By not providing consent or withdrawing your consent, certain aspects or features of our website for which the processing of your personal data is essential, may not be available to you. The withdrawal of your consent does not affect the lawfulness of processing based on your consent before its withdrawal.

 

In relation to b), we have carried out balancing tests for all the data processing we carry out on the basis of our legitimate interests. You can obtain information about the balancing test we have undertaken by contacting us using the details at the end of this Policy.

In order for us to provide you with certain services, including but not limited to brokerage and research services, which require us to process your personal data due to regulatory and legal requirements (for example KYC and AML)  the provision of information is mandatory.

If relevant data is not provided to us, then we will not be able to provide you with the full range of our services meaning that our services may only be offered with a limited scope or not at all. All other provision of your information is optional.

 

Cookies and similar technologies

 

Cookies are small pieces of information sent by a web server to a web browser which allows the server to uniquely identify the browser on each page.  Other tracking technologies are also used which are similar to cookies.  This can include pixel tags and tracking URLs. All these technologies are together referred to in this Policy as “Cookies”.

 

The types of Cookies that we use on our website, and the purposes for which they are used, are set out below:

 

  • Strictly necessary cookies: These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.

 

  • Analytical/performance cookies:These cookies collect information about how you and other visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages. We use data from these cookies to help test designs and to ensure a consistent look and feel is maintained on your visit to the website. All information these cookies collect is aggregated. It is only used to improve how a website works. We use Google Analytics, for example, to anonymously track website usage and activity.

 

  • Functionality cookies: These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced, more personal features. These cookies can also be used to remember changes you have made to text size, fonts and other parts of web pages that you can customise. They are also used to provide services you have asked for such as watching a video or commenting. Additionally, these Cookies can be used to allow an optional service to function. The information these cookies collect may be anonymised and they cannot track your browsing activity on other websites.

 

  • Targeting cookies: These cookies are used to deliver adverts more relevant to you and your interests. They are also used to limit the number of times you see an advertisement as well as help measure the effectiveness of the advertising campaign. They are usually placed by advertising networks with the website operator’s permission. They remember that you have visited a website and this information is shared with other organisations such as advertisers. Quite often targeting or advertising cookies will be linked to site functionality provided by the other organisation.

 

  • Social media cookies: These cookies allow you to share what you’ve been doing on our website on social media such as Facebook and Twitter. These cookies are not within our control. Please refer to the respective privacy policies for how their cookies work.

 

  • Pixel tags: Also known as a clear GIF or web beacon. These are invisible tags placed on certain pages of our website but not on your computer. When you access these pages, pixel tags generate a generic notice of that visit. They usually work in conjunction with cookies, registering when a particular device visits a particular page. They are used to, among other things, track the actions of users of our services (including email recipients), measure the success of our marketing campaigns and compile statistics about usage of our services and response rates. If you turn off cookies, the pixel tag will simply detect an anonymous website visit.

 

If you do not want to allow Cookies at all, or only want to allow use of certain Cookies, please refer to your browser settings. You can also use your browser settings to withdraw your consent to our use of Cookies at any time and delete Cookies that have already been set. Please note that by deleting our cookies or disabling future Cookies you may not be able to access certain areas or features of our website.

 

To find out more about Cookies please visit: www.allaboutcookies.org or see www.youronlinechoices.eu which contains further information about behavioural advertising and online privacy.

For how long do we keep your personal data?

We only keep your personal data for as long as is necessary to fulfil the purposes for which it has been collected. When determining the appropriate retention period, we consider the risks of the processing, our contractual, legal and regulatory obligations, internal data retention policies and our legitimate business interests as described in this Policy.

 

Where we process data for: (i) registration purposes, (ii) support purposes or (iii) in order to customize your website experience, we keep this data for the duration of the period where you are a user and for an additional five-year period from when you cease to be a user in compliance with the applicable laws.

 

Where we process data for marketing purposes we will do so unless we receive a request from you to stop. We will respond to any request from you to stop processing your data for direct marketing purposes, within a maximum of 10 business days from the date of receipt of the request. We will hold a record of such data for five years from when you request us to stop.

 

Where we process data for website security, we hold this data for a maximum period of one year.

  

Who do we share your personal data with?

 

Where we send direct marketing materials to you, we send your personal data to third parties with whom we have contracted to provide these materials to you on our behalf and in our name. These third parties may be located inside or outside the EEA and/or Bahrain.

 

We also share your personal data with:

 

  • service providers, who provide a service to us or you, including Service Providers
  • their service providers, delegates and agents; and
  • EFG Holding for the following purposes:

(a) to enable you to receive the services provided by our affiliate entities which may cover different financial services or be in different jurisdictions to those that we cover;

(b) to allow us to improve the services that we provide across the EFG Holding; and

(c) to allow us to produce analytical reports reflecting the services provided throughout the EFG group.

We also disclose your personal data to:

  • regulators, exchanges, auditors, courts, the police, or other law enforcement agencies where we are legally obliged to do so;
  • to other persons where disclosure is required by law or to enable products and services to be provided to you or our clients; and
  • our professional service providers (e.g., legal advisors, accountants, auditors, insurers and tax advisors) where relevant.

 

  

If it becomes relevant, we will share your personal data with a potential buyer and their advisers in connection with any proposed purchase, merger or acquisition of any part of our business.

 

Where is your personal data transferred?


When we share your personal data with the parties listed above, it involves transferring your personal data outside Bahrain and/or the European Economic Area (EEA), to countries where the level of protection of personal data might not be deemed adequate by the European Commission and/or competent Bahraini Data Protection Authority. In particular, your personal data may be transferred to EFG Holding or, subject to the terms of this Policy, to our outsourced service providers located overseas. In these circumstances we will, as required by applicable law, ensure that your privacy rights are adequately protected by appropriate technical, organization, contractual or other lawful means.

The location of EFG Holding is Egypt.

Our third party service providers are located in “Service Providers In our sole discretion we, or SAXO or EFG Holding may appoint third party sub-processors. Where a third party sub-processor is so appointed, e.g. by way of a cloud computing agreement, we shall, with respect to such data protection obligations:

  • ensure that the third party is subject to, and contractually bound by, at least the same obligations as the process and/or the sub-processor (as applicable); and
  • the processor and/or the sub-processor (as applicable) will remain fully liable to the processor and/or us (as applicable) for all acts and omissions of the third party.

We only permit your personal data to be processed by persons who are bound by enforceable obligations of confidentiality and we take steps to ensure such persons only act on the sub-processor’s instructions in relation to the processing.

 

Your Data security

 

We take the security of your personal data very seriously. We have implemented a number of security measures to protect your data from unauthorized access, use, disclosure, alteration, or destruction. These measures include:

  • Physical security measures: We restrict access to our data centers and servers to authorized personnel only.
  • Electronic security measures: We use firewalls, intrusion detection systems, and other security software to protect our data from cyberattacks.
  • Technical security measures: We encrypt your personal data at rest and in transit to protect it from unauthorized access.
  • Organizational security measures: We train our employees on security best practices and have security policies and procedures in place to protect your data.
  • Procedural security measures: We have incident response plans in place to respond to any security breaches that may occur.

 

We regularly review and update our security measures to ensure that they are effective in protecting your data. If we know or have reason to believe that your personal data has been compromised, we will immediately notify you and take steps to mitigate the impact of the breach.

 

 

What are your rights in relation to the personal data we process about you?

Subject to the conditions prescribed in applicable laws, you have the right: (i) to access, rectify or request erasure of your personal data; (ii) to ask us to restrict processing of it; and (iii) to request portability of it; and (IV) to request a copy of your personal data in a structured, machine-readable format and to have it transmitted to another data controller.

 

Subject to the conditions prescribed in applicable laws, you have the right (i) to object, on grounds relating to your particular situation, to processing of your personal data which is based on our or a third party’s legitimate interests; and (ii) to object to processing of your personal data for direct marketing purposes. 

These rights may be limited, for example if fulfilling your request would reveal personal data about another person, where they would infringe the rights of a third party (including our rights) or if you ask us to delete information which we are required by law to keep or have compelling legitimate interests in keeping. Relevant exemptions are included in PDPL. We will inform you of relevant exemptions we rely upon when responding to any request you make.

You can exercise these rights by contacting us using the contact details provided in the Annex below. 

You also have the right to lodge a complaint with the supervisory authority “Bahrain PDPA” about our use of your personal data , place of work or place where you consider an alleged infringement has taken place. 

Amendments to this Policy

This Policy was last updated on November 2023. We reserve the right to revise this Policy at any time by posting a revised Policy and, if we consider it necessary, we will notify you of changes. 

 

How can you contact us?
If you have any questions about this Policy, or would like to make any requests as described in this Policy, please contact us using the details in the Annex to this Policy.

 

Annex

 

Name

Contact details

OLT

 

Email:privacy@oltinvestment.com

Office #31, Level 5, MJ Tower 2, Bldg 943 Block 436, Road 3620, Seef District, Manama, Bahrain

 

 

 

 

 

 

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