Shearman & Sterling LLP | FinReg | UK Conduct Regulator Publishes Arrangements for Sharing Personal Data with Non-EEA Authorities
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  • UK Conduct Regulator Publishes Arrangements for Sharing Personal Data with Non-EEA Authorities
    07/02/2019
    The U.K. Financial Conduct Authority has published its signed Administrative Arrangement agreement dictating the circumstances in which it, as an EEA authority, may share the personal data that it holds with non-EEA authorities. The agreement is a standard form of agreement which will be signed by relevant EEA and non-EEA authorities and is designed to safeguard personal data transfers between authorities in light of new requirements imposed by the General Data Protection Regulation. The agreement includes, among other things, provisions restricting the circumstances in which relevant authorities may transfer data (including that it may only be transferred for the purpose of assisting the authority to fulfil its regulatory mandate and that it will only transfer data that are adequate, relevant and limited to what is necessary for the purposes for which they are transferred) and the processes the authority will establish to review their own policies and procedures on transfers of personal data.
     
    View the FCA's signed Administrative Agreement.
     
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