Fact: Firms are now holding more and more personal information.
Fact: Not looking after that personal information is a real risk.
Fact: If your firm gets it wrong, it will impact on your reputation and you may incur a fine.
It is vitally important to CILEx Regulation that all of its regulated firms, and in fact any businesses run by a CILEx member, look after personal information. Currently, all CILEx Regulation regulated firms are required to make it clear that they comply with the current Data Protection Act (DPA) 1998 and are registered with the Information Commissioner’s Office (ICO).
However, these rules are changing on 25 May 2018, with the full introduction of the General Data Protection Regulation (GDPR):
The ICO provides a lot of very useful information and guidance on the implementation of the GDPR. Particularly helpful is its blog where the ICO has been addressing some of the popular myths about GDPR
Firms need to do as follows:
The ICO provides a lot of very useful information and guidance on the implementation of the GDPR, available at: https://ico.org.uk/for-organisations/resources-and-support/getting-ready-for-the-gdpr-resources/. Particularly helpful is its blog, available at: https://iconewsblog.org.uk/tag/gdprmyths/, where the ICO has been addressing some of the popular myths about GDPR.
Consumers: ask the firm how they look after your information. As a minimum, they should refer to this in the client care letter they send to you.
Firms: use the information that the ICO is providing to businesses and public bodies to prepare for the full GDPR implementation. This is available at: https://ico.org.uk/for-organisations/guide-to-the-general-data-protection-regulation-gdpr/
If you have found this article useful, why not log this towards your CPD?
For more information, visit: (https://www.cilex.org.uk/membership/cpd/cpd_resources)