Multi-asset investment specialist Saxo Bank has informed its white label partners of a requirement to sign new data protection agreements.
WLs will need to sign an updated data protection agreement with Saxo if they, as Saxo white label partners, have onboarded European clients under their structure.
Since Saxo processes personal data of WL’s clients in certain instances, EU regulations require WLs to establish clear agreements regarding the activities and processing of their end-clients’ personal data.
As these regulations evolve, WLs will need to update addendums to ensure compliance for both them and Saxo.
