We can finally stop talking about GDPR, can't we?

We can finally stop talking about GDPR, can't we? Unfortunately not.

GDPR is here to say and is a living piece of legislation that will adapt as circumstances change. In fact, we are already hearing about potential additions regarding B2B data.

May 25th not only saw the deadline for GDPR come and go, it also saw the launch of the new Data Protection Act 2018, which maps out how GDPR applies in the UK.

Here are the headlines...

  • It transposes the EU Directive into UK law.
  • It regulates matters that do not fall within the EU Directive such as Immigration processing
  • There are sections which cover the ICO and its duties, functions and powers plus the enforcement provisions
  • It repeals the previous legislation
  • It brings in provision for intelligence services to comply with internationally recognised data protection standards

The Government has also pledged to introduce a new ‘digital charter’ with the aim of ensuring the UK ‘is the safest place to be online’. It’s proposed the Charter will be underpinned by regulations, but as yet there are no details on what these might be.

We would recommend that firms keep a watching brief on the ICO website as they will be producing guides to help navigate this see: https://ico.org.uk/for-organisations/data-protection-act-2018/

About the author

Terence has over 35 years' experience in the Financial Services environment, covering general insurance, investments and mortgages.

Before joining RWA, Terence worked for a large PLC insurance brokerage in Manchester, overseeing some 20 acquisitions. He was made a Director of RWA in 2011 and has worked with insurance broking firms of all sizes across the UK. He has a particular interest in Financial Crime and the protecting the insurance broker. Terence is also Executive Chairman of the Association of Professional Compliance Consultants (APCC), the professional body for the compliance consultancy sector.

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