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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