Compliance Insights Articles

To download this briefing in it's entirety, please click here. Regulatory Sanctions ICO fines Satsuma Loans for spam texts Credit company Provident, responsible for sending nearly one million nuisance texts in six months has been fined £80,000 by the Information Commissioner’s Office (ICO). Satsuma employed third party affiliate companies to send 999,057 unsolicited text messages on its behalf to promote personal loans for its brand, Satsuma Loans. This was against the law as

The ICO, last week, published their response to the FCA’s credit card market study: Consultation on persistent debt and earlier intervention remedies. This consultation comes in the wake of the final findings of the FCA’s earlier credit card market study, completed in 2016. As a result of ‘significant concerns’ about the ‘scale and persistence of potentially problematic debt’, this 2017 consultation also forms part of the FCA’s implementation of a package of remedies to addre

Under the General Data Protection Regulation (GDPR), we now have to supply data subjects with Fair Processing Notices (FPNs) that contain significantly more information than they do under the Data Protection Act 1998. This is in order to meet new requirements about being transparent and providing accessible information to customers / individuals about how you are going to use their personal data so that they are fully informed and are aware of how they can exercise their righ

We are all hearing a lot about the General Data Protection Regulation (GDPR) at the moment, and rightly so. The changes we need to make are sweeping and in my opinion these will have as big an impact on us as the journey to FCA authorisation did. We’ve held a series of seminars on the subject and participants have been surprised at the level and complexity of some of the changes, for example the need for multiple fair processing notices depending upon they type of data you ar

We are all hearing a lot about the General Data Protection Regulation (GDPR) at the moment, and rightly so. The changes we need to make are sweeping and, in my opinion, these will have as big an impact on us as the journey to FCA authorisation did. We’ve held a series of seminars on the subject and participants have been surprised at the level and complexity of some of the changes, for example, the need for multiple fair processing notices depending upon the type of data you

With the new General Data Protection Regulation (GDPR) implementation date just over a year away, it’s a good idea to start thinking about what it means for your business. The new GDPR represents one of the biggest overhauls in data regulation to date, replacing the current data protection legislation – the Data Protection Act 1998 – with a new set of rules designed to strengthen and unify data protection for all within the EU. The ICO’s guidance states that the government ha

There’s been a lot of conjecture about the General Data Protection Regulation (GDPR), due to be implemented on 28 May 2018, particularly around whether it’ll be appropriate to UK firms at all once the UK leaves the EU. It’s important to remember that whatever happens after Brexit, firms will still need to be compliant with the new GDPR rules in the time between implementation and the UK leaving the EU. Even after leaving the EU, it’s likely that organisations will need to rem

With the upcoming implementation of the General Data Protection Regulation (GDPR), the data protection rules we know and ‘love’ will signifi