The Optimism Foundation, (the “Foundation”) is a foundation company created under the laws of the Cayman Islands. The purpose of this document is to provide you with information on the Foundation's use of your personal data in accordance with the Cayman Islands Data Protection Act (as amended) and, in respect of any EU data subjects, the EU General Data Protection Regulation (together, the "Data Protection Legislation").
Your personal data
By virtue of providing us with personal information on individuals connected with you (for example directors, trustees, employees, representatives, shareholders, investors, clients, beneficial owners or agents), you will provide us with certain personal information which constitutes personal data within the meaning of the Data Protection Legislation.
We may also obtain personal data on you from other publicly accessible directories and sources.
This includes information relating to you and/or any individuals connected with you such as: name, residential address, email address, contact details, corporate contact information, signature, nationality, place of birth, date of birth, tax identification, credit history, correspondence records, passport number, bank account details.
How the Foundation may use your personal data
The Foundation, as the data controller, may collect, store and use your personal data for purposes including the following. The processing is necessary for the performance of a contract, including:
The processing is necessary for compliance with applicable legal or regulatory obligations, including:
In pursuance of our legitimate interests, or those of a third party to whom your personal data are disclosed, including:
We will only process your personal data in pursuance of our legitimate interests where we have considered that the processing is necessary and, on balance, our legitimate interests are not overridden by your legitimate interests, rights or freedoms.
Sharing your personal data
We may share your personal data with our affiliates and delegates. In certain circumstances we may be legally obliged to share your personal data and other financial information with respect to your interest in the Foundation with relevant regulatory authorities such as the Cayman Islands Monetary Authority or the Tax Information Authority. They, in turn, may exchange this information with foreign authorities, including tax authorities and other applicable regulatory authorities. In exceptional circumstances, we will share your Personal Data with regulatory, prosecuting and other governmental agencies or departments, and parties to litigation (whether pending or threatened) in any country or territory.
The Foundation’s affiliates and delegates may process your personal data on the Foundation's behalf, including with our service providers, banks, accountants, auditors and lawyers which may be data controllers in their own right. The Foundation's services providers are generally processors acting on the instructions of the Foundation. Additionally, a service provider may use your personal data where this is necessary for compliance with a legal obligation to which it is directly subject. The service provider, in respect of this specific use of personal data, may be deemed to be acting as a data controller.
Sending your personal data internationally
Due to the international nature of our business, your personal data may be transferred to jurisdictions that do not offer equivalent protection of personal data as under the Data Protection Legislation. In such cases, we will process personal data or procure that it be processed in accordance with the requirements of the Data Protection Legislation.
Retention and deletion of your personal data
We will keep your personal data for as long as it is required by us. For example, we may require it for our legitimate business purposes, to perform our contractual obligations, or where law or regulation obliges us to. Some personal data will be retained after your relationship with us ends. We expect to delete your personal data (at the latest) once there is no longer any legal or regulatory requirement or legitimate business purpose for retaining your personal data.
We will not take decisions producing legal effects concerning you, or otherwise significantly affecting you, based solely on automated processing of your personal data, unless we have considered the proposed processing in a particular case and concluded in writing that it meets the applicable requirements under the Data Protection Legislation.
You have certain data protection rights, including the right to:
We are committed to processing your personal data lawfully and to respecting your data protection rights. Please contact us at email@example.com if you have any questions about this notice or the personal data we hold about you marking your communication "Data Protection Enquiry".
Date last updated: March 2, 2023