Privacy and Cookie Policy
Effective Date: 2025-01-07
1 Purpose
The UK T+1 Accelerated Settlement Taskforce (“AST”) has been appointed by the UK government’s economic and finance ministry (“HM Treasury”) to help in the transition towards trades to be settled more quickly in the UK by moving to a ‘T+1’ standard settlement period (T+1). In this context, Euroclear UK & International (“EUI”)’s role is to sponsor and support the work of the AST, by notably owning and hosting this Website as part of its support for the UK market in the move to T+1 Accelerated Settlement.
This Privacy and Cookie Policy contains important information on the collection and usage of your personal data (which means data that can be used to identify you as an individual, whether directly, like your name, or indirectly, like information about the company that you work for/represent) whenever you (referred to as “you”, “your”) use this website (https://acceleratedsettlement.co.uk/home/ – referred to as “Website”) and associated marketing channels (such as e-mails) maintained by EUI, which processes your personal data for the purposes pursued by AST. A reference to “we” or “us” is a reference to EUI.
2 Processing personal data
There are many ways in which we come into contact with your personal data, including, but not limited to:
- Visiting our social media pages
- Visiting our Website and subscribing for updates on AST’s work
- Communicating with us, whether by email, telephone, or in person
- Participate in any events hosted or attended by AST
- Engage in any form of collaboration or collaborative development with AST.
Our Website may contain links to other websites, applications and services maintained by third parties. If this Privacy and Cookie Policy or the Website contain links to other websites, EUI is not responsible for the privacy practices or the content of those other websites.
3 Who is the controller of your personal data
EUI is the controller of your personal data, as per GDPR and UK GDPR , as described in this Privacy and Cookie Policy, which means that EUI is responsible for deciding how your personal data are collected and used in accordance with these regulations as well as with applicable local laws.
4 Personal data collected
4.1 Directly from you
We collect the following personal data directly from you:
- If you visit our Website, we will log information about you, your device and your usage. This allows us to understand how visitors of this Website interact with the content we share with you and consequently facilitates continuous service improvements. This information must also be collected in order for our Website to function correctly. Information collected in this manner includes cookies, web beacons, IP addresses, or other information entered in forms.
- If, through the subscription button on the Website, a webform or other means, you indicate that you would be interested in being provided with additional information and/or subscribing for newsletters and any other updates on the work of the AST, we will require certain additional information in order to best facilitate this. This could include your name, your company name, your job title, your phone number and email address, and/or your username and password, if needed. In sending us this information, you confirm that you have the authority to provide us with this information. If this has not happened, or you believe your information has been provided to us without your consent, then please contact us via our “Contact Us” page or by sending us a letter at the address below.
4.2 Usage data
As mentioned above, the technologies we employ in order to track application behaviour and usage are commonplace and include cookies, web beacons and log files. These allow us to facilitate continuous platform improvement and gives us the ability to reproduce and consequently fix system issues.
4.3 Logs
Our log files are generated automatically and gather certain information about users of our Website. This will include your IP address, your session identification number, your geographical location, your provider or mobile service provider in addition to other general usage information such as your browser type. This information allows us to ensure that our platform is working as we intend it for users on different systems and software types. In addition to this, log files give us a better understanding of overall trends which in turn allows us to maintain the tight standards of security and functioning we expect.
4.4 Cookies and Other Tracking Applications
Like most websites, we use first party-cookies (which are set by the web server of the visited page and share the same domain) and other technologies to put together analytics regarding user behaviour on our Website.
Cookies are placed on your browser when you visit our Website. This cookie then collects data about your online activities. These cookies, in turn, help us track how our Website and applications are used (to track engagement such as visits, clicks and pages viewed) and which browsers are preferred by our users. This in turn allows us to improve and customise your experience as a user.
There are two types of cookies: session-based cookies and persistent cookies. Persistent cookies remain on your computer when you close your browser or turn off your computer. Session-based cookies do not. You are able to change how your browser interacts with both types of cookie by changing the settings on your browser. It is possible that disabling cookies critical to our Websites function could impair your experience and prevent you getting the most out of our platform.
5 Using personal data
Your personal data may only be used as is and processed in order to fulfil one of the purposes indicated in this section of this Privacy and Cookie Policy. For more information on what rights you have with regards to your personal data and how you can exercise them, please see the “Your Rights” section. Your data may be used or processed in order to facilitate the proper function of the following services:
- Managing registrations: If you have expressed an interest in having a subscription with us, we will request and subsequently process your personal data in order to allow you receiving the updates by email
- Managing our Website: We collect and process your personal data through our Website and application based on our legitimate interest to operate our business and allow you access the content you need
- Managing the security of our Website and application: personal data allows us to ensure the stability and security of our platform by verifying accounts and activity, in addition to providing us with the tools to investigate any illegitimate activity and enforce our terms of service and any relevant policies. This is also based on our legitimate interest to promote the safety and security of our systems and the rights of those whose data it contains
- Handling contact and user support requests: If you provide us with a request for support we will use your personal data to provide you with this support and contact you (with your consent) with relation to your assistance request
- When necessary by legal obligation: we process your personal data when made necessary by virtue of cooperation with public and government authorities, in addition to any courts or regulators as necessary by any court orders, legal processes or by virtue of response to a lawful request.
- Facilitation of communications: we may process your personal data in order to provide you with up-to-date information about AST’s activities providing you have given your prior consent.
5.1 Lawful bases for processing personal data
We will only collect and process personal data where we have a lawful basis. Lawful bases include “consent” (where you have given consent) and our “legitimate interests” as controller.
Wherever the lawful basis for processing your personal data is consent, you have the right to withdraw or decline your consent at any time. Where we rely on legitimate interests, you have the right to object (see 7. Your Rights and 8. Exercising Your Rights).
6 Sharing personal data
We may share your personal data as follows:
- With Euroclear group entities, affiliates within EUI and any companies acquired or merged with in future
- With the AST’s Oversight Committee and Chairman
- With any contractual partners who provide systems or services for which it is necessary to process your personal data in order to provide our service or meet our contractual obligations, such as EUI’s communications agency, acting in its capacity of data processor.
- For further information on the recipients of your data, feel free to contact us via our “Contact Us” page or by sending us a letter at the address below.
7 Your Rights
You have certain rights pertaining to your personal data – these can vary depending on local laws but particularly for individuals within the EEA, these may include:
- Right to access: the right to access your personal data we hold;
- Right to rectification: the right to correct inaccurate personal data and depending on the purpose, to ensure it is complete;
- Right to erasure and the right to be forgotten: the right, to the extent permitted by applicable data protection laws, to have your personal data deleted/erased;
- Right to restriction of processing: the right, to the extent permitted by law, to restrict our processing of your personal data;
- Right to data portability: The right to transfer your personal data to another controller, to the extent possible;
- Right to object: The right to object to any processing of your personal data carried out on the basis of our legitimate interests;
- Right to withdraw consent: To the extent we base the collection, processing and sharing of your personal data on your consent, you have the right to withdraw your consent at any time, without affecting the lawfulness of the processing based on such consent before its withdrawal; and
- Automated decision-making: You have the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects. Automated decision-making currently does not take place on our Website.
8 Exercising your Rights
To exercise any of your rights, please contact us via our “Contact Us” page or by sending us a letter at the address below. We will respond to all legitimate requests within one month and will contact you if we need additional information from you in order to honour your request.
8.1 International transfer of personal data
Your personal data may be collected, transferred to or stored by us in other countries in which we operate.
As a result of this, it is possible that your personal data may be processed outside of the UK and/or the European Economic Area (“EEA”). If your personal data is transferred to a country not subject to the same data protection standards as the UK and/or the EEA, we will ensure that the recipient of your data offers the same standards of data handling by virtue of a standard contractual clause, the Adequate Decisions, the Binding Corporate Rules (“BCRs”), or any other valid transfer mechanisms. Alternatively, we will ask you for your prior consent to such data transfers.
9 Personal data retention period
The amount of time we keep your personal data will depend on the nature of the personal data, how it was initially provided and the purpose for which it was collected and / or processed and as long as we have a legal ground to process it. The benefits and risks of carrying different types of data for particular lengths of time are evaluated and any potential harm is minimised. For more information about particular data retention periods, please contact us via our “Contact Us” page or by sending us a letter at the address below.
10 Data security
Data security is a priority for EUI – as such we employ both physical and technical measures to prevent unauthorised parties gaining access to personal data, and in doing so minimise the risk of unlawful destruction, alteration or unauthorised disclosure of your personal data. We follow strict standards in order to protect your data (such as holding secure server with SSL encryption, securing login, running through MailChimp to allow newsletter mailouts, etc.), but in the face of a rapidly changing security landscape, no measure is guaranteed to be totally secured. Certain aspects of the security of your account are your own responsibility. These include managing your personal computer, using a strong password and protecting it accordingly, signing out of websites once done with your session and limiting the number of devices you are logged in on. If you have any questions regarding security that have not been addressed, feel free to contact us via our “Contact Us” page or by sending us a letter at the address below.
11 Your communication preferences
If you have consented for us to process your personal data for the purpose of sending you AST’s newsletters and other updates, you may manage your receipt of such communications from us by clicking on the “unsubscribe” link at the bottom of our emails. Additionally, you may unsubscribe by contacting us via our “Contact Us” page or by sending us a letter at the address below.
12 Privacy and Cookie Policy changes
This Privacy and Cookie Policy may be updated as it becomes necessary and will be reviewed annually. Changes may occur more frequently, depending on the rate of change of technologies, regulatory requirements and any other unforeseen factors. The “effective date” at the top of the document will communicate the date at which the current iteration of the Privacy and Cookie Policy came into effect. It may be the case that if a particularly large or important change is made we will communicate it separately via email and a notice on our Website. In addition to this, we recommend that you frequently review this Privacy and Cookie Policy in order to stay informed on the collection, processing, storage and deletion of your personal data as well as on the use of the cookies.
13 Contact Us
If you have questions regarding this Privacy and Cookie Policy, our privacy practices or to exercise your rights regarding your personal data, please fill use our “Contact Us” page or send us a letter at: Euroclear UK & International, 33 Cannon Street, London, EC4M 5SB.
We take any complaint or concern about privacy and personal data very seriously and will work closely with you to remedy any issue as quickly as possible. However, should you feel that we have not adequately dealt with your issue, you have the right to lodge a complaint with the relevant data protection authority.