PRIVACY NOTICE


All the terms capitalized herein have been defined in our Terms and Conditions with regard to the access and usage of the Online Portal which is available at our website at ww.lynearwealth.com.


This Online Portal is developed by us, LYNEAR Wealth Management (Private) Limited, a company duly incorporated in Sri Lanka, bearing Company No. PV 93712 and having its registered office at Level 06, ‘Parkway Building’ No. 48, Park Street, Colombo 02. We value your privacy and we commit our self to use the data and information provided by you in a responsible manner. You hereby accept and acknowledge that by accessing and using the Online Portal, you agree to be bound by the policies described below.


The collection of data

Personal data entered by you when accessing the Online Portal and using the Unit Trust Services provided therein will be stored and processed by us for purposes including but not limited to the following:-

  1. to process your application requests for the opening of Account/s;

  2. facilitating any and all Unit Trust Services;

  3. to manage and maintain your Account with us and to approve, manage, administer or effect any transactions requested or authorized by you;

  4. to better understand your current and future investment needs and your financial situation;

  5. to respond to your enquiries and complaints;

  6. to update, consolidate and improve accuracy of our records; and

  7. for any other purpose that is required or permitted by any law, regulations, guidelines and/or relevant regulatory authorities.


Information received through website cookies whenever you interact with us through the website. Cookies are the text files which will be used as unique identifiers that we transfer to your device to facilitate our systems to recognize you and the device.


We may collect data such as IP address which is used to connect to the Online Portal, web account login, e-mail address, time zone as well as the Unit Trusts in which you have invested. The details are aggregated in order to provide you with enhanced personal features and also to monitor the traffic of the Online Portal.


You can adjust settings on your browser so that you will be notified when you receive a cookie. Should you wish to disable the cookies associated with these technologies, you may do so by changing the settings on

your browser. Acceptance of a cookie is not compulsory but you may not get a personalised experience if you do not accept the cookie to your device.


Information sharing policy

We employ third party service providers to perform certain functions on behalf of us, such as processing payment, providing customer service, providing marketing assistance, analyzing data. They have access to limited information as may be required to provide the relevant services.


Your personal data will also be disclosed if we are required to disclose such information to comply with all applicable laws and regulations of Sri Lanka and to comply with lawful requests made by relevant authorities.


If there is an ownership change in the business the information collected will be considered as an asset and will be transferred to new business which has acquired the ownership of the Site.


We will not make any disclosure of your personal data or information for any purpose other than as given above.


Security of the data

LYNEAR has taken all appropriate steps to prevent unauthorized or unlawful access to your information and for the protection of your personal information as required by applicable law and other applicable standards and guidelines. All the information is secured through our firewalls to the server.


It is essential that you sign off from your Account once you have concluded your use of the Online Portal, if any device is shared, in order to safeguard your personal information.


We will not be liable to you for any illegal hacking or entry into the personal account or personal data by any unauthorized person and it is your responsibility to keep your log-in information secure.


User rights

The right to access- You have the right to be provided with clear, transparent and easily understandable information about how we use your personal data and your rights. Therefore, we’re providing you with the information in this Notice.

The right to rectification and completion- You have the right to, correct or complete your personal data at any time. We understand the importance of this and should you want to exercise your rights, please contact us.

The right to erasure- Under certain circumstances, you have right to request that we delete your data. If you wish to delete the personal data we hold about you, please let us know and we will take reasonable steps to respond to your request in accordance with legal requirements. If the personal data we collect is no longer needed for any purposes and we are not required by law to retain it, we will do what we can to delete, destroy or permanently de-identify it.

The right to restrict processing- Under certain circumstances, you have the right to restrict the processing of your personal data.

The right to object- Under certain circumstances, you have the right to object to certain types of processing, including processing for direct marketing (i.e., receiving emails from us notifying you or being contacted with varying potential opportunities).

The right to withdraw consent- If you have given your consent to anything we do with your personal data (i.e., we rely on consent as a legal basis for processing your personal data), you have the right to withdraw your consent at any time (although if you do so, it does not mean that anything we have done with your personal data with your consent up to that point is unlawful). You can withdraw your consent to the processing of your personal data at any time by contacting us using the details provided below.


LYNEAR Contact Details

If you have any questions or concerns about LYNEAR’s Privacy Notice or data processing or if you would like to make a complaint about a possible breach of local privacy laws, you shall do so by contacting us using any of the following means:-


Email : info.ut@lynearwealth.com Telephone Number : 0117-345678

By Post : 3/1 Lake Crescent, Colombo 02, Sri Lanka