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Data Protection Act 2018

Of relevance to: All regulated firms
Key dates: Royal Assent 23 May 2018

The Data Protection Act 2018 replaces the Data Protection Act 1998 and provides a comprehensive legal framework for data protection in the UK, supplemented by the General Data Protection Regulation (“GDPR”) until the UK leaves the European Union (“EU”).

The four main matters provided for in the Bill are:

  • general data processing,
  • law enforcement data processing,
  • data processing for national security purposes including processing by the intelligence services, and
  • regulatory oversight and enforcement.

While the UK remains a member of the EU, all the rights and obligations of EU membership remain in force. When the UK leaves the EU, GDPR will be incorporated into the UK’s domestic law under powers in the European Union (Withdrawal) Bill, currently before Parliament.

Don’t forget: Whilst GDPR removes the requirement for data controllers to register with the Information Commissioner’s Office (“ICO”), new UK regulations require all data controllers to provide certain information and pay an annual fee to the ICO to ensure its continued funding.

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Extensive Regulatory Expertise

With over 25 years of experience in the financial services industry, Complyport offers unparalleled expertise in regulatory compliance, ensuring your firm stays ahead of evolving regulations.

Comprehensive Service Offering

From AML audits to risk management and regulatory reporting, Complyport provides a full spectrum of compliance services, allowing you to streamline your compliance processes and focus on your core business activities.

Tailored Compliance Solutions

We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.

Client-Centric Approach

We provide bespoke compliance solutions that are specifically designed to meet the unique needs of your business, ensuring that all regulatory requirements are met efficiently and effectively.

Senior-Level Guidance

Our team of seasoned professionals, including former regulators and industry experts, leads all engagements, offering deep insights and practical advice to help you manage compliance risks effectively.

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Leveraging cutting-edge fintech, regtech and AI tools, Complyport enhances your compliance processes with advanced technology, ensuring accuracy, efficiency, and real-time regulatory updates. Our innovative solutions empower your firm to stay compliant while maximising operational efficiency.

Key Figures

Over 25 Years

Providing Compliance Excellence

Over 1,500

Successful FCA and EU Authorisations

Over 1,000

Active Firms Receiving Regulatory Support

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