LawDebenture

The Law Debenture Trust Corporation p.l.c. - privacy notice for Bank of Baroda (UK) Limited beneficiaries

This privacy notice explains how The Law Debenture Trust Corporation p.l.c. (incorporated in England and Wales with company registration number 01675231) and its affiliates (the “Group”, “our”, “us” and "we”) collect, use and disclose your personal data (“you” or “beneficiary/beneficiaries”). In this privacy notice you can find out more about:  

Our contact details

  • What information we collect, use, and why

  • Lawful bases and data protection rights

  • Where we get personal information from

  • How long we keep information

  • Who we share information with

  • How to complain

Our contact details

Post: The Law Debenture Trust Corporation p.l.c., 100 Bishopsgate, 8th floor, LONDON, EC2N 4AG, GB

Telephone: 02076065451

Email: Legal.Notices@lawdeb.com

What information we collect and use, and why

We collect and use your personal information for the purposes of discharging our obligations in connection with the “Holding Period Trust Deed” between Bank of Baroda (UK) Limited (as “Settlor”), The Law Debenture Trust Corporation p.l.c. (as “Trustee”) and Bank of Baroda, London Branch (as parent of the Settlor), dated 03.11.2025 (the “Trust Deed”). Under the Trust Deed, following the closure of the Settlor’s business and as part of our appointment as a Trustee, we handle the money disbursement process on behalf of the Settlor to ensure all relevant beneficiaries receive the money they are entitled to under the Trust Deed.

In order for us to verify the money claim and identity of each beneficiary and before we can make any payments to each beneficiary, we must collect the following information:

·    Bank account details

·    Contact details (including but not limited to full name, address, telephone number, and/or personal email address)

·    Date of birth

·    Nationality

·    National Insurance number

·    Copies of passports or other photo ID

·    Copies of proof of address documents (such as bank statements or bills)

·    Next of kin or emergency contact details

Lawful basis and data protection rights

Under UK data protection law, we must have a “lawful basis” for collecting and using your personal information. There is a list of possible lawful bases in the UK GDPR. You can find out more about lawful bases on the ICO’s website.

Which lawful basis we rely on may affect your data protection rights which are set out in brief below. You can find out more about your data protection rights and the exemptions which may apply on the ICO’s website:

·    Your right of access - You have the right to ask us for copies of your personal information. You can request other information such as details about where we get personal information from and who we share personal information with. There are some exemptions which means you may not receive all the information you ask for. Read more about the right of access.

·    Your right to rectification - You have the right to ask us to correct or delete personal information you think is inaccurate or incomplete. Read more about the right to rectification.

·    Your right to erasure - You have the right to ask us to delete your personal information. Read more about the right to erasure.

·    Your right to restriction of processing - You have the right to ask us to limit how we can use your personal information. Read more about the right to restriction of processing.

·    Your right to object to processing - You have the right to object to the processing of your personal data. Read more about the right to object to processing.

·    Your right to data portability - You have the right to ask that we transfer the personal information you gave us to another organisation or to you. Read more about the right to data portability.

·    Your right to withdraw consent – When we use consent as our lawful basis you have the right to withdraw your consent at any time. Read more about the right to withdraw consent.

If you make a request, we must respond to you without undue delay and in any event within one month.

To make a data protection rights request, please contact us using the contact details at the top of this privacy notice.

Our lawful bases for the collection and use of your data

Our lawful basis for collecting and using your personal data is:

·    Contract – we have to collect and use your personal data in order to carry out and hold a record of how we discharged our obligations under the Trust Deed. All of your data protection rights may apply except the right to object.

Where we get personal information from

We collect your information from the following places:

·    Directly from you

·    From Bank of Baroda (UK) Limited/ Bank of Baroda, London Branch

How long we keep information

·        Information records received from Bank of Baroda (UK) Limited and Bank of Baroda, London Branch and instruction certificates completed by each beneficiary will be kept for up to 24 years. This period covers the 12 years duration of the Trust Deed and an additional period of 12 years following the expiry of the Trust Deed. This is to enable us to process the payments to the relevant beneficiaries and hold records of the payments made throughout the duration of the Trust Deed and for the full length of the relevant limitation period (i.e. the period beneficiaries and other parties to the Trust Deed may issue legal proceedings against us).

·        KYC documents will be kept for up to 17 years. This period covers the 12 years duration of the Trust Deed and an additional 5 years following the expiry of the Trust Deed to account for any KYC retention period requirements starting with the date of the last possible beneficiary claim under the Trust Deed .

Who we share information with

We are committed to respecting your privacy and will share your personal data only with a number of trusted third parties who work with us to help us meet our obligations under the Trust Deed, in order to fulfil our legal obligations, and/or at your request, including but not limited to:

·        other members of LawDeb Group, as necessary to operate our business;

·        payment providers who help us manage payments;

·        solicitors and professional service firms who provide us with legal, audit, accountancy and consultancy services and other support;

·        service providers who help operate our IT security, storage and back office systems;

·        regulators and other authorities;

·        any third party at your request; and/or

·       any other person that requires access to or receipt of your personal data in connection with the Trust Deed and discharging the obligations we have towards you as a beneficiary including but not limited to:  

Bank of Baroda (UK) Limited
If we have any difficulties in verifying a beneficiary’s identity, we may contact Bank of Baroda (UK) Limited to ask them if they have any further information in their files about that particular beneficiary. This may assist us with the completion of the identity verification process.

Bank of Baroda, London Branch
If we have any difficulties in verifying a beneficiary’s identity, we may contact Bank of Baroda, London Branch to ask them if they have any further information in their files about that particular beneficiary. This may assist us with the completion of the verification process.

Yoti Ltd. 

Yoti Ltd. is a global digital identity and biometric technology company that processes know your customer requests. We use Yoti Ltd to verify your identity before processing any relevant payments to you.

Once we receive your data, we use appropriate procedures and security features to prevent unauthorised access. We require any third-party service providers who act as data processors for us to do so too and to comply with applicable data protection laws as part of our contract with them. These service providers may, with our agreement, sub-contract certain processing activities, for example to external printing companies, data analytics providers or software providers. Before doing so, they must check that the sub-contracted service provider has adequate security measures in place.

How to complain

If you have any concerns about our use of your personal data, you can make a complaint to us using the contact details at the top of this privacy notice.

If you remain unhappy with how we’ve used your data after raising a complaint with us, you can also complain to the ICO:

Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

Helpline number: 0303 123 1113

Website: https://www.ico.org.uk/make-a-complaint

Last updated February 2026

Read more information about the Bank of Baroda