MoU between the ICO and the FCA

The ICO and the Financial Conduct Authority (FCA) have signed an updated Memorandum of Understanding.

The aim of the MoU is to “facilitate and provide a framework of co-operation and co-ordination” between the ICO and the FCA “in carrying out their respective regulatory responsibilities” under certain legislation – The Data Protection Act 1998 (DPA), the Freedom of Information Act 2000 (FOIA), the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426) (PECR), the Environmental Information Regulations 2004 (SI 2004/3391) (EIR), the INSPIRE Regulations 2009 (SI 2009/3157) and the Financial Services and Markets Act 2000 (FSMA) –  by setting out “arrangements for co-operation and exchange of relevant information”.

The new memorandum sets out the terms for future working relationship between ICO and FCA in areas of mutual regulatory interest.

 

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