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Comments Targeted consultation of the European Commission on improving transparency and efficiency in secondary markets for nonperforming loans Our ref Ref. DK: NPL Ref. DSGV: 4166/07Contact: Mr Silvio
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Identify the purpose of the privacy statement.
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A targeted privacy statement is a document that discloses how an organization collects, uses, and protects personal information from individuals based on specific criteria or contexts.
Organizations that collect personal information from individuals, particularly in contexts that have additional legal requirements, are required to file a targeted privacy statement.
To fill out a targeted privacy statement, an organization should clearly outline its data collection practices, specify the types of information collected, describe how this information will be used, and detail how it will be protected.
The purpose of a targeted privacy statement is to maintain transparency with individuals about how their personal information is handled and to comply with relevant data protection regulations.
A targeted privacy statement must report information such as the types of personal data collected, the purpose of data collection, data retention periods, user rights, and contact details for data inquiries.
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