Safeguarding

Safeguarding Personal Data at Lucid Financial Markets

Lucid Financial Markets values the privacy and security of all personal information entrusted to us by clients, employees, and partners. This policy summarises our approach to properly and legally handling personal data.

Scope

This policy covers all personal data gathered, stored, or utilised by Lucid Financial Markets for business operations.

Key Principles

We abide by core principles when processing personal information:·      

- Lawful, Fair and Transparent Processing: We handle personal data fairly, transparently, and per privacy laws
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- Purpose Limitation: Personal data is only collected and used for specified, explicit and legitimate purposes
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- Data Minimization: We only collect and process the minimum personal data required for intended purposes
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- Accuracy: We take steps to keep personal data current and correct any inaccuracies

- Storage Limitation: Personal data is only retained as long as needed to meet the purposes for which it was collected
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- Security and Confidentiality: We utilise technical and organizational controls to keep personal data protected, secureand confidential.

Data Processing Guidelines

In processing personal data, Lucid Financial Markets also follows several key guidelines:·      

- Consent: We obtain clear and explicit consent before handling sensitive personal data.

- Legitimate Interests: We weigh our business interests against the privacy rights and interests of individuals.

- Contracts: We process personal data required to meet contractual duties to clients and partners. 

Compliance and Changes

Lucid Financial Markets regularly reviews policies and procedures to maintain compliance with evolving data protection laws. We update this policy when necessary to reflect changes to data practices or legal requirements. 

For any data privacy questions or concerns, please contact us at: enquiries@lucidfinancialmarkets.com

Safeguarding Funds

When funds are posted to your account, in line with regulatory requirements, the regulated [payment/e-money] institutions who we work with safeguard your funds.

This means that the funds shown in your payment account or e-wallet are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner [e-money/payment] institutions’, or our, insolvency.

Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.

If you require a breakdown of the exact amounts of funds you have safeguarded at each of our [e-money/payments partners] at a particular point in time, please do not hesitate to contact us.