Unless you’re a hedgehog or some other hibernating creature, you will have heard about the General Data Protection Regulation. With greater media exposure than Beckham, Markle and Trump combined, it has been written with panache and elegance, underpinned with intrigue and mystery, and is in line for the Nobel Prize for Literature. Well, perhaps not, but it has certainly captured the public imagination, if not that of your average hedgehog.
Joking aside, GDPR has to be embraced. We have issued our summary guide and have worked with our clients to implement suitable systems, processes and controls. Clearly, we also have to practice what we preach. So, we would be grateful if you would read our Privacy Policy and Data Processing Agreement, which can both be found here . There are also links to Data Protection on our website.
Please read these documents carefully as they explain when we act as Data Controller and when we may also act as Data Processor, and the implications for you, and potentially for your clients.
We would also like to take this opportunity to remind all those that receive these newsletters that you actively opted-in to receiving them by signing up (look to the right of this article) and that should you no longer wish to subscribe, then please use the Unsubscribe option at the bottom of the covering email.
Enjoy!



FCS Transitional Arrangements
Steve Bailey Compliance Update
As you will be aware the Financial Services Authority ceased to be and the Financial Conduct Authority took over the regulation of financial advice firms on 01 April 2013.
The FSA issued PS13/05 last week which includes updated rules and transition arrangements. The policy statement itself is 88 pages but the ‘appendix (3)’ that accompanies it is a mere 1990 pages so you must excuse us for not as yet absorbing every word. The document can be seen here.