Privacy Policy

In accordance with current federal and applicable provincial legislation, Fidelity Asset & Investment Bank has adopted privacy practices to protect personal information as part of its overall service commitment to clients.

 

Fidelity Asset & Investment Bank Financial Services Ltd, Fidelity Asset & Investment Bank Asset Management Services Ltd. and Fidelity Asset & Investment Bank Brokerage Ltd. (collectively referred to as “FAIB”) are committed to protecting the privacy of our customers and regard this as an integral part of the service we provide you. Every Fidelity Asset & Investment Bank employee is responsible for ensuring the confidentiality of all personal information they may access. Each employee annually signs off on Fidelity Asset & Investment Bank’s Privacy Policy and completes mandatory privacy training to ensure they understand their obligations and expectations as it relates to the activities they perform.

 

Personal Information

 

Personal information refers to information that identifies you. It may include information such as your age, marital status, employment history, social security number, credit history, home address, personal email address and home telephone number.

 

Why do we need your Personal Information?

 

We require your personal information in order to establish a relationship with you and provide you with the best possible service – the better we know you, the better we can serve you. Your signature, financial history, current financial position, social security number, age and other similar personal information allow us to:

 

Establish your identity;

Understand and assess your eligibility for our products and services;

Provide you with the services you have agreed to obtain from us;

Protect you and us from error and fraud; and

Comply with the law.

How do we obtain your personal information?

 

Personal information is obtained primarily from you, although we may also obtain information from other sources with your consent. These other sources may include, but are not limited to other Fidelity Asset & Investment Bank affiliates, your bank, other financial institutions, etc.

 

How do we use your personal information?

 

We may use your personal information for the following purposes:

 

To identify you;

To ensure our records are accurate;

To establish and administer your account;

To execute your transactions;

To maintain, store, record and determine your account holdings and transaction records;

To verify previously given information when necessary;

To provide you and your representatives with account statements/information;

To provide you with financial statements, tax receipts, proxy mailings, transaction confirmations and other information that may be requested or needed to service your account;

To provide you with quality customer service and support on your investment needs;

To protect the interests of Fidelity Asset & Investment Bank, such as the collection of a debt owed; and

To meet legal and regulatory requirements.

 

Who do we disclose your personal information to?

 

Your personal information will only be used for stated purposes to assist us in providing you with the best possible service. Fidelity Asset & Investment Bank may also provide your personal information to other third parties. This is done only to meet your service requirements or as may be required by any relevant law. Third parties that may be provided with your personal information include:

 

Your financial representative;

Other financial institutions, securities dealers and mutual fund companies;

Other Fidelity Asset & Investment Bank affiliates;

Third-party service providers;

Hong Kong or foreign governments, government agencies and regulators; and

Any other legally required institutions.

Contracts between Fidelity Asset & Investment Bank and third-party service providers ensure appropriate controls and protections and are in place at the service provider level to protect your personal information. Our service providers may, from time to time, sub-contract certain administrative services to other service providers that may not reside in Hong Kong and require access to certain personal information to perform contracted services. In this case, Fidelity Asset & Investment Bank’s service providers are responsible for ensuring appropriate security measures and controls are in place to protect your personal information from unauthorized use, loss, theft, alteration and destruction. Personal information available to service providers in foreign jurisdictions may be disclosed to local authorities as may be prescribed by law.

 

Disclosing your personal information when required or permitted by law:

 

Fidelity Asset & Investment Bank may be required to provide your personal information in response to a search warrant, court order or other legally valid request. We may also disclose your personal information to help us collect a debt owed by you.

 

Fidelity Asset & Investment Bank’s third-party service providers may also be required to provide your personal information in response to local legal requirements, not unlike Hong Kong requirements.

 

Fidelity Asset & Investment Bank may be required to provide certain of your personal information to comply with foreign laws applicable to Fidelity Asset & Investment Bank or any of the products and services Fidelity Asset & Investment Bank may provide.

 

Where required by law or legally valid request, Fidelity Asset & Investment Bank does not require your consent to disclose your personal information.

 

Obtaining Your Consent

 

Before or at the time you open an account with Fidelity Asset & Investment Bank, you will be required to provide certain personal information to establish the account. The information may be collected via a Fidelity Asset & Investment Bank application form, in which case you will formally indicate your consent for Fidelity Asset & Investment Bank to collect and use the personal information when you sign the application. The information may also be provided by an institution acting on your behalf to Fidelity Asset & Investment Bank, in which case, by virtue of account opening, your consent is implicitly provided to Fidelity Asset & Investment Bank to collect and use the information. In this case, at the time of initial collection of your personal information by your institution, you will have provided consent to your advisor to disclose your personal information for the purposes of effecting investment transactions, including the opening of accounts with Fidelity Asset & Investment Bank.

 

Withdrawing your consent:

 

You may withdraw your consent for the collection and use of your personal information by contacting Fidelity Asset & Investment Bank at any time. As Fidelity Asset & Investment Bank is required by Law to obtain and collect certain personal information about you in order to maintain an account, you may be prevented from withholding your consent without closing your account. In addition, certain services and products may no longer be provided to you, in the event you withhold consent to the use of information upon which such services and products are dependent and/or required by rules and regulations that govern them.

 

Access to and accuracy of your personal information:

 

Upon request, Fidelity Asset & Investment Bank will provide you with access to your personal information we have on record at the time of the request. In addition and if requested, Fidelity Asset & Investment Bank may provide you with a list of third parties, to whom your personal information was provided. In certain circumstances, Fidelity Asset & Investment Bank may not be able to provide you with access to specific pieces of information in order to ensure the privacy and confidentiality of information belonging to others. For example: (i) information containing references to other individuals (ii) proprietary information of your financial advisor, the dealership or Fidelity Asset & Investment Bank (iii) information that has been destroyed (iv) information that is too costly to retrieve.

 

You may update your personal information at any time by contacting Fidelity Asset & Investment Bank. Fidelity Asset & Investment Bank is only required to collect and update personal information it requires to service your accounts. Fidelity Asset & Investment Bank is not obligated to collect personal information unrelated to the servicing of your account.

 

Where is your personal information kept?

 

Your personal information may be kept in electronic or paper format in the offices of Fidelity Asset & Investment Bank and its affiliates, in secure off-site storage facilities provided by storage service providers and its third party (administration) service providers, who may themselves store it in multiple locations and forms (in and outside Hong Kong).

 

Protecting Your Information

 

Policies, procedures, guidelines, and safeguards have been put in place at Fidelity Asset & Investment Bank to ensure your personal information is protected.

 

Our employees and service providers have access to your personal information to enable them to perform their duties in servicing you.

 

Any personal information collected from you will only be used for the purposes identified at the time of collecting the information and will be retained for as long as is necessary to fulfil the service, or as required by law.

 

Security measures including passwords, restricted access to our offices and records, physical access security, and file encryption have been put in place to protect your information against unauthorized access, modification, loss, theft or general misuse.

 

From time to time, sometimes beyond our control, there may be breaches in the controls we established to maintain your personal information confidential. In the event a breach occurs, Fidelity Asset & Investment Bank will take all reasonable measures to secure the personal information, including requiring any third party service providers to take such appropriate measures considered necessary to secure and remedy the breach. In the event a detected breach may result in the potential risk of harm, disclosure of sensitive information or risk of theft of identity and/or assets, Fidelity Asset & Investment Bank will contact you as soon as possible, as we would had you raised a privacy complaint with us directly, outlining the details and actions taken to reduce the risks identified. At Fidelity Asset & Investment Bank we take the responsibility of securing your personal information very seriously and will take measures we determine appropriate in the circumstances to mitigate any identifies risks to you.