Common use of AIFM Clause in Contracts

AIFM. the Administrative Agent, the Domiciliary Agent, the Distributor and the Custodian of the Fund may decide, under their own responsibility, and as data controllers or data processors, to transfer or sub- delegate the processing of the Personal Data to their parent companies, to one or several affiliates of their group or to their agents, including their offices located outside the European Union and thus located in countries which may be deemed not to offer a level of protection which is equivalent to that offered in Luxembourg. for the purposes of carrying out the provision of different services including but not limited to financial and operational management and reporting, risk management, legal and regulatory compliance, client service management, business continuity management and product development The Fund will not be involved in appointing these affiliates or agents and shall not bear any responsibility in relation to this sub-delegation. The Fund may disclose Personal Data to the Luxembourg tax authorities, which in turn may act as data controller, disclose it to foreign tax authorities. Each Shareholder has a right to access his/her its Personal Data and may ask for a rectification thereof in cases where such data is inaccurate and/or incomplete. Request for a rectification should be made by a letter addressed to the Fund. The Shareholder has a right of opposition regarding the use of his/her/its Personal Data for marketing purposes. This opposition can be made by letter addressed to the Fund. By subscribing to the Shares, each Shareholder consents to such processing of his/her/its Personal Data.