Balancing Regulatory And Data Protection Compliance

Recent enforcement decisions of the Isle of Man Financial Services Authority may be a cause of nervousness to many looking to get their own house in order, while in contrast the penalties issued by the Isle of Man Information Commissioner over the last few years have predominantly been to government departments, so you might start to think data protection isn't something you really need to worry about anymore – but GDPR has not gone away and regulatory obligations must be met within the framework of data protection by design and by default.

This article considers data protection compliance in the context of financial services regulatory compliance.

FUNDAMENTAL PRINCIPLES OF DATA PROTECTION