Legal company information
Picard Angst MEA Limited ("Picard Angst MEA") is a company incorporated under the laws of the Dubai International Financial Centre ("DIFC") with its registered office at Level 20, Unit 2008, Emirates Financial Towers, DIFC, PO Box 506935, Dubai, UAE. Picard Angst MEA is authorised and regulated by the Dubai Financial Services Authority ("DFSA") with DFSA Reference Number F002308.. The only Picard Angst entity authorised to provide financial services in or from the DIFC is Picard Angst MEA
Local restrictions on access to the picardangst.ae 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 Picard Angst MEA 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 MEA. 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.
All copyright and other rights relating to the entire contents of the PAMEA website are reserved exclusively and in full to Picard Angst MEA. "PAMEA" and the PAMEA logo, in particular, are registered trademarks. Use of the PAMEA 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.
The information and views published on the PAMEA 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 MEA.
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.
PAMEA 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 PAMEA website may be changed at any time and without prior notice. In particular, PAMEA is under no obligation to update content or remove obsolete content.
In addition, PAMEA accepts no liability and does not warrant that the functions on the PAMEA 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
PAMEA 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 PAMEA website, or resulting from or connected with the fact that it is not possible to access or use the PAMEA website.
Links to other websites
PAMEA has not checked the other websites linked to the PAMEA website and accepts no responsibility for their contents. If you select specific links, you will leave the PAMEA 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. PAMEA cannot exclude the risk of e-mails sent to the Picard Angst Group being read, altered, or sent to a different address, falsified or destroyed by third parties. PAMEA accepts no liability for data transfer by e-mail. We reserve the right to reject e-mails with potentially hazardous file attachments.
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
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 PAMEA website from functioning correctly. Different Internet browsers offer different ways of blocking and deleting cookies.
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
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 MEA 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 fulfilment 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 DIFC Data Protection Law 2007 or under other data protection laws that apply.
For fulfilment 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 fulfilment 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 defence 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. 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, (DFSA Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module, DFSA Conduct of Business Module, DFSA and UAE Central Bank circulars and regulatory requirements (e.g. DFSA and DIFC). 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 MEA, every unit that requires your data to fulfil 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 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 the UAE and Switzerland (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 fulfil our contractual and statutory obligations.
If the data is no longer required in order to fulfil 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, regulatory 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 DFSA and UAE Central Bank Anti-Money Laundering rules and regulations, 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.