Changes and updates to the privacy notice
If any changes are made to this privacy notice, for example due to new or amended processing activities, the latest version can be found on our website.
This privacy notice was last updated on 2024-03-13.
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This Privacy Notice provides information as to how, when and why Skandinaviska Enskilda Banken AB (“SEB” or “we” or “us”) as a Controller of Personal Data will collect and process Personal Data about you , depending on your interaction with us when you use any products or services from SEB.
Personal Data is any information that relates to you and that identifies you directly from the information or indirectly by reference to other information that we have access to. This Privacy Notice applies in addition to specific notices we may provide in circumstances where we collect additional information as may be the case in certain electronic channels or in conjunction with specific information requests.
If any changes are made to this privacy notice, for example due to new or amended processing activities, the latest version can be found on our website.
This privacy notice was last updated on 2024-03-13.
This Privacy Notice reflects our processing of Personal Data about you, separated out into different categories below. You as an individual may interact with us in different capacities, that is as both an individual client as a representative of a company you work for and we will, unless noted otherwise below, interact with you differently for each capacity or data subject role which you perform in providing us with your Personal Data. Except as noted below, and only when required by law or to manage credit, security, fraud or similar risks and in accordance with applicable Banking secrecy standards, we will not combine Personal Data collected about you in the different capacities in which you interact with us. This also means that should you request copies of your Personal Data or request to correct personal data about you, we ask that you are as specific as possible in relation to the information that you wish to have corrected and in relation to which service and client this Personal Data is coupled with.
Personal Data will be collected directly from you, from publicly available sources, from our immediate client or from third parties providing services to us. This information is processed for the purposes of delivering or obtaining the products and services that are contracted with us. We will only use your Personal Data where we have a lawful reason to do so – these lawful reasons include: where you have consented to provide us with your Personal Data; where we are required by law or regulation; in the pursuit of our legitimate interests; where we believe it is in the public interest for us to do so, that is to help prevent or detect crime, or as a consequence of our contractual relationship with you or our clients. Failure to provide this information may prevent or delay the fulfillment of these obligations and we may not be able to provide you with certain products and services.
You are responsible for making sure that any information you give us is accurate and up to date. If anything is wrong or your information changes, you must tell us as soon as possible. If you believe that the information we hold about you is wrong, incomplete or out of date, you can contact us using the contact details below.
We may share your Personal Data with:
In all such instances, we take steps to ensure that there are Data Processing Agreements in place to protect your Personal Data and to limit access and use of that Personal Data strictly for the purposes and to the extent needed for those services to be performed. When a service provider relationship is terminated, we impose requirements that any Personal Data stored outside of SEB is returned to us or destroyed.
If you register to use our online services, we will ask you to provide Personal Data for identification and authentication purposes. This information may also be provided to us by a colleague, co-worker or other associate or representative of the organization with which you are affiliated.
Further details of specific processing activities according to the role / capacity in for which we process your Personal Data are available below and apply in addition the general description above as regard for instance sharing of Personal Data.
We will keep Personal Data about you as long as it is accurate and relied upon for purposes of complying with relevant legislation, including for the duration of any record keeping requirement we are subject to.
Authorised signatory, power of attorney holder and authorized representatives
Where you are an authorised signatory or similar representative of a client or prospective client, we may process information to:
Outside of transferring your data to a third party for processing on our behalf, we will not share your personal data outside of SEB except in the following specific circumstances:
Where we engage in financial intermediation activities, we will transfer your information to a recipient in the relevant market when instructed to do so in order to provide entities you represent with the relevant product or service. This may be for example a bank, exchange, custodian or issuer in third country.
SEB is required to maintain records concerning who has given access to insider information, participated in market soundings or otherwise given access to information of a market sensitive nature (“sensitive information”). These are legal requirements to prevent market abuse and manipulation. We collect the information to inform you of your status as a person that has access to sensitive information and to notify you of changes to such status.
Personal Data is collected from you directly, our immediate client or the concerned issuer.
We will collect your name, national identifier, the issuer in relation to which you have been given information, the date when such information was made available to you and your contact details.
We process your Personal Data through collecting and storing it for the above purposes and in order to fulfil our legal and regulatory requirements set out above.
We will retain your Personal Data for the duration that the information continues to be sensitive and for the duration of regulatory record keeping requirements. The information will no longer be sensitive when it is made public or otherwise becomes obsolete.
Outside of transferring your data to a third party for processing on our behalf, we will share your information with the issuer at their request. We will share the information with supervisory authorities at their request and in accordance with their jurisdiction in the matter.
SEB provides products and services to a number of financial intermediaries for them to provide their underlying clients with products and services in markets where SEB is present. The nature of these arrangements varies but in some instances, we are required by law to collect and retain Personal Data about the underlying clients as if they were direct clients of ours.
We will collect personal data from our immediate client to fulfil contractual obligations to them, where they in turn are fulfilling contractual obligations to you or the party you represent and on whose instruction our client is acting.
We will collect name, contact details, financial and tax details and instructions relevant to the service we provide. For instance where we safekeep financial instruments for which you are the beneficial owner or the representative thereof we collect your instructions concerning corporate actions we process.
We will store and reference the Personal Data in order to fulfil regulatory requirements, provide contracted services and billing.
We will retain your Personal Data for the duration of providing the service, as long as it is current and relied upon for purposes of fulfilling our recoding and tax or financial reporting obligations.
Outside of transferring your data to a third party for processing on our behalf, we may share Personal Data related to the service we provide back to our immediate client. We may also be required to share details with external authorities such as tax authorities or Financial Crime Prevention authorities as well as statistical agencies.
We protect your Personal Data from unintentional and illegal theft, loss, modification and other breaches by organisational as well as technical means.
Where we engage external parties to process Personal Data on our behalf, we require them to afford your Personal Data the same level of protection we do and to inform us of any incidents so that we can inform you.
Your information may be transferred to and stored in locations outside the European Economic Area (EEA), such as the US and Canada, including countries that may not have the same level of protection for Personal Data. When we do this, we will take steps to ensure that it has an appropriate level of protection and that the transfer is in line with applicable legal requirements – for example by entering into standard contractual clauses with the receiving party. We may need to transfer your information in this way to carry out our contractual obligations to you, to fulfil a legal obligation, to protect the public interest and/or for our legitimate interests. In some countries, we may be required by law to share certain information, such as with the local tax authorities. In such circumstances, we will ensure that we will only share your information with those who have a legal right to receive it.
We respect your rights to request access, modify, delete and port your personal data. In addition, you have the right to request restriction of the processing of your personal data and to object to our processing of your personal data in particular when it’s related to direct marketing purposes. Where processing is based on your consent, you have the right to withdraw consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal.
You will be required to provide proof of identity. Please contact your SEB client representative to exercise your rights. If you are an indirect client of SEB, you may also direct your request to your immediate service provider who in turn will contact SEB.
In some instances, your rights are subject to limitations for instance we are unable to delete your Personal Data due to regulatory requirements and where we are required to retain your Personal Data for a longer period to comply with a regulatory or legal obligation.
Where applicable, you have the right to make a complaint to the competent supervisory authority or the applicable data privacy commission in your jurisdiction. In Sweden, the relevant authority is the Swedish Authority for Privacy Protection
Please address any data protection correspondence to the following SEB offices.
Office | Contact Details |
Data Protection Officer |
SEB, Data Protection Officer |
SEB AB, Head Office |
SEB, Data Protection |
SEB AB, Copenhagen branch |
Bernstorffsgade 50 |
SEB AB, Oslo branch |
Filipstad Brygge 1 |
SEB AB, Helsinki branch |
Eteläesplanadi 18 |
SEB AB, Frankfurt branch |
Stephanstraße 14 – 16 |
SEB AB, London branch |
One Carter Lane |
SEB AB, Warsaw branch |
ul. Żelazna 51/53 |