UK FCA And ICO Joint Statement With Expectations On Firms’ Approaches To Vulnerability Related Data

The UK Financial Conduct Authority (FCA) and the Information Commissioner’s Office (ICO) have published a joint statement clarifying regulatory expectations on the use and sharing of vulnerability related data. The statement explains how firms should approach this in delivering good outcomes for retail consumers under the consumer duty, while complying with UK data protection law….
By: A&O Shearman