Legal information
Terms of use
Terms of use and legal information
By using the Picard Angst website, you declare that you have understood and agree to the following terms of use and legal information. If you do not agree to the terms and conditions, please leave the website.
Local restrictions on access to the picardangst.com website
The following financial products area contains information and opinions about financial products (such as investment funds) which may be subject to registration requirements in certain countries. It is not intended for (natural or legal) persons for whom the use or the access to the PA website (based upon the nationality or the domicile/registered office of the concerned person or for any other reason) would violate the laws of their respective jurisdiction. Such persons are not permitted to access the area containing information and opinions about financial products. This applies in particular to persons having their domicile/registered office in the United States of America.
The financial products area is intended as a representation of Picard Angst. Not all of the financial products presented are available to or suitable for persons in all countries. The statutory and regulatory provisions that are valid in a particular country determine whether a financial product can be offered to a person there.
Copyright
All copyright and other rights relating to the entire contents of the PA website are reserved exclusively and in full to Picard Angst. "PA" and the PA logo, in particular, are registered trademarks. Use of the PA website does not give the user rights to the contents or registered trademarks or any other part of the website. Pages may only be downloaded or printed out if the full source is quoted. Any other use, and in particular the reproduction or publication, in full or in part, for public or commercial use, is permitted only with the prior written agreement of Picard Angst Group and provided that the source is quoted in full.
No offer
The information and views published on the PA website do not represent an invitation, offer or recommendation to use a service, to buy, sell or hold investment instruments, or to effect other transactions or acts. The information is for personal use and for informational purposes only and, like the important legal information on financial products given above, is subject to change without notice at any time by Picard Angst.
The information should not be used as the basis for decision-making
The PA website should not be used as investment advice or as any other basis for deciding legal, tax or other matters requiring advice. Please note that past performance is not necessarily an indication of future performance. No investment or other decision should be taken based upon this website. You should contact your account manager before taking a decision.
No assurances
PA takes all reasonable steps to ensure the accuracy of the information published, but no assurances are given as to the accuracy, reliability or completeness of the information and views contained on the PA website. The PA website may be changed at any time and without prior notice. In particular, PA is under no obligation to update content or remove obsolete content.
No warranties
In addition, PA accepts no liability and does not warrant that the functions on the PA website will be free of error and interruption, that errors will be rectified or that this website and the server will be free of viruses and other harmful components.
Exclusion of liability
PA accepts no liability for loss or consequential loss, including in the case of negligence, resulting from or connected with access to or use of the PA website, or resulting from or connected with the fact that it is not possible to access or use the PA website.
Links to other websites
PA has not checked the other websites linked to the PA website and accepts no responsibility for their contents. If you select specific links, you will leave the PA website at your own risk.
Unless expressly instructed to act otherwise, if we receive an e-mail, we will assume that we are permitted to answer via e-mail and to continue to communicate via e-mail. We use anti-virus and anti-spam detection technologies. However, we also recommend that you use virus scanners. PA cannot exclude the risk of e-mails sent to the PA Group being read, altered, sent to a different address, falsified or destroyed by third parties. PA accepts no liability for data transfer by e-mail. We reserve the right to reject e-mails with potentially hazardous file attachments.
Call recording
Please note that telephone calls are recorded and whenever you call us we shall assume that we have your consent to this.
Data protection / cookies / Google Analytics
The PA website uses Google Analytics, a web analytics service from Google Inc. (“Google”). Google Analytics uses cookies. Cookies are small text files that are stored on your computer, smartphone or other terminal when you visit specific websites. They are used to enable website functions or to send information to the owners of a website or third parties who receive access to website data.
Settings chosen by users normally determine the content of a cookie. However, information for evaluating a user’s browsing patterns can also be stored in a cookie without the user’s knowledge. You can set your computer to block cookies of all kinds. However, this will prevent some parts of the PA website from functioning correctly. Different Internet browsers offer different ways of blocking and deleting cookies.
The PA website uses cookies to store our users’ usage and display settings, which makes it easier for them to navigate the site the next time they visit it; to store data about user accounts in order to recognize our users and spare them having to fill out forms repeatedly; to store the user profiles of our users or for them to be able to confirm a required disclaimer; to record the number of visits and the number of pages viewed as well as the activity of users on the website. This statistical information enables us to adjust our website to the expectations of our users and to improve website functionality and performance.
Data protection
Data Privacy is important – please read the statement below.
Who Is Responsible For Data Processing and How Can I Contact Them?
The unit responsible is and you can reach our company privacy officer at:
Picard Angst Ltd.
Legal & Compliance
Bahnhofstrasse 13 - 15
CH-8808 Pfaeffikon SZ
pa_compliance@picardangst.com
What Sources and Data Do We Use?
We process personal data that we obtain from our clients in the context of our business relationship. We also process – insofar as necessary to provide our service – personal data that we obtain from publicly accessible sources, (e.g. commercial and association registers, press, internet) or that is legitimately transferred to us by other companies in Picard Angst or from other third parties ( KYC, DD-Provider).
Relevant data is personal information (e.g. name, address and other contact details, date and place of birth, and nationality), identification data (e.g. ID card details), and authentication data (e.g. sample signature). Furthermore, this can also be order data (e.g. payment order), data from the fulfillment of our contractual obligations (e.g. sales data in payment transactions), origin of assets, marketing and sales data (including advertising scores), documentation data (e.g. consultation protocol), and other data similar to the categories mentioned.
What Do We Process Your Data for (Purpose of Processing) and On What Legal Basis?
We process personal data in accordance with the provisions of the European General Data Protection Regulation (GDPR) and the Swiss Federal Act on Data Protection (FADP):
For fulfillment of contractual obligations
Data is processed in order to provide financial services in the context of carrying out our contracts with our clients or to carry out pre-contractual measures that occur as part of a request. The purposes of data processing are primarily in compliance with the specific product and can include needs assessments, advice, asset management and support, as well as carrying out transactions.
In the context of balancing interests
Where required, we process your data beyond the actual fulfillment of the contract for the purposes of the legitimate interests pursued by us or a third party. Examples:
- Reviewing and optimizing procedures for needs assessment for the purpose of direct client discussions
- Marketing or market and opinion research, unless you have objected to the use of your data
- Asserting legal claims and defense in legal disputes
- Guarantee of IT security and IT operation
- Prevention and clarification of crimes
- Measures for ensuring the right of owner of premises to keep out trespassers – Measures for business management and further development of services and products – Risk Control.
In addition we obtain personal data from publicly available sources for client acquisition purposes.
As a result of your consent
As long as you have granted us consent to process your personal data for certain purposes (e.g. analysis of trading activities for marketing purposes), this processing is legal on the basis of your consent. Consent given can be withdrawn at any time. This also applies to withdrawing declarations of consent that were given to us before the GDPR came into force, i.e. before May 25, 2018. Withdrawal of consent does not affect the legality of data processed prior to withdrawal.
Due to statutory provisions or in the public interest
Furthermore, as a financial service provider, we are subject to various legal obligations, (Collective Investment Schemes Act, Anti-Money Laundering Act, FINMA ordinances and circulars, tax laws) and regulatory requirements (e.g. FINMA). Purposes of processing include identity checks, fraud and money laundering prevention, fulfilling control and reporting obligations under fiscal laws, and measuring and managing risks.
Who Receives My Data?
Within Picard Angst, every unit that requires your data to fulfill our contractual and legal obligations will have access to it. Service providers and vicarious agents appointed by us can also receive access to data for the purposes given, if they maintain banking confidentiality. These are companies in the categories of banking services, IT services, logistics, printing services, telecommunications, collection, advice and consulting, and sales and marketing.
Will Data Be Transferred to a Third Country or an International Organization?
Data transfer to units in states outside Switzerland and the EU (known as third countries) takes place so long as
- It is necessary for the purpose of carrying out your orders (e.g. payment and securities orders)
- It is required by law (e.g. reporting obligations under fiscal law), or
- You have granted us your consent
Please contact us if you would like to request to see a copy of the specific safeguards applied to the export of your information
For How Long Will My Data Be Stored?
We will process and store your personal data for as long as it is necessary in order to fulfill our contractual and statutory obligations.
If the data is no longer required in order to fulfill contractual or statutory obligations, it is deleted, unless its further processing is required – for a limited time – for the following purposes:
- Fulfilling obligations to preserve records according to commercial and tax law
- legal holds, which require us to keep records for an undefined period of time.
What Data Privacy Rights Do I Have?
Every data subject has the right to access, the right to rectification, the right to erasure, the right to restrict processing, the right of object, and if applicable – the right to data portability. Furthermore, if applicable on you, there is also a right to lodge a complaint with an appropriate data privacy regulatory authority.
You can withdraw consent granted to us for the processing of personal data at any time.
Am I Obliged to Provide Data?
In the context of our business relationship, you must provide all personal data that is required for accepting and carrying out a business relationship and fulfilling the accompanying contractual obligations or that we are legally obliged to collect. Without this data, we are, in principle, not in a position to close or execute a contract with you.
In particular, anti-money laundering regulations require us to identify you on the basis of your identification documents before establishing a business relationship and to collect and put on record name, place and date of birth, nationality, address and identification details for this purpose. In order for us to be able to comply with these statutory obligations, you must provide us with the necessary information and documents in accordance with the Anti-Money Laundering Act, and to immediately disclose any changes over the course of the business relationship. If you do not provide us with the necessary information and documents, we cannot enter into or continue the business relationship you desire.
To What Extent Is There Automated Decision-Making?
In establishing and carrying out a business relationship, we generally do not use any automated decision-making.
Will Profiling Take Place?
We process some of your data automatically, with the goal of assessing certain personal aspects (profiling). We use profiling for the following cases, for instance:
- Due to legal and regulatory requirements, we are obligated to combat money laundering, terrorism financing, and offenses that pose a danger to assets. Data assessments (including on payment transactions) are also carried out for this purpose. At the same time, these measures also serve to protect you.
- We use assessment tools in order to be able to specifically notify you and advise you regarding products. These allow communications and marketing to be tailored as needed – including market and opinion research.