We recognise that scraping is now a widely adopted practice by both investment funds and corporates. Legal risk with respect to scraping, however, varies greatly depending on the particular method employed, the source and information scraped, and also the ultimate use of the information (among other factors).

Although we do not necessarily recommend that one engage in scraping, funds and corporates might start with the perspective that scraping public information (e.g., public-facing websites that do not require affirmation action to access, etc.) is generally accepted practice, and then further elaborate on that principle in developing their policies…