Protect your clients. Future proof your business.

Are you ready for the new era of data governance?

Financial service organisations are facing unprecedented scrutiny following recent sweeping regulatory changes. The combination of the changes driven by the Data (Use and Access) Act 2025 (DUAA) and the FCA Data Requirements 2025 have created the perfect legislative storm.

For many across the sector, these updated data requirements for 2025 represent the most significant regulatory change in data governance since MiFID II implementation.

The FCA's 2025 reforms demand real-time reporting, cyber resilience, and board-level accountability. Non-compliance risks regulatory penalties, reputational damage, and loss of client trust. Proactive alignment with these standards will ensure legal compliance, enhance operational resilience, build client confidence, and deliver competitive advantage.

With a strong track record of helping financial service organisations (this bit has yet to be drafted - link to testimonials and the stuff on page .

Key data protection risks

Understanding how to manage personal data responsibly is critical to success. How many of these risks are relevant for your organisation?

1. Excessive and Unmanaged Data Collection

• Organisations routinely collect large volumes of personal data, often without clear justification or ongoing review.

2. Data Retention Failures

• Data minimisation principles are frequently overlooked, with little evidence of regular deletion or reduction over time.

3. Rapid Adoption of AI and Data Enrichment Tools

• Tools are increasingly used to enrich lead profiles using behavioural / transactional data. These innovations raise questions about transparency, lawful basis, and fairness in automated decision-making.

4. Inadequate Third-Party and International Data Sharing Controls

• Personal data is frequently shared with brokers, insurers, administrators, and trustees, often without sufficient contractual safeguards.

5. Weak Internal Governance and Security Controls

• Some organisations operate with outdated systems, poor encryption standards, and weak internal controls, exposing personal data to cyber threats and fraud.
• Special category data (e.g. health, financial, PEP, and children’s data) is often processed without appropriate safeguards.

Key take-aways from The FCA’s Data Requirement program

The FCA's latest legislative requirements mandate fundamental changes to data collection, processing, storage, and reporting practices and in particular: 

1. Customer data protection
   • Mandatory data minimisation and purpose limitation reviews
   • Strengthened consent management protocols.
     
     
2. Enhanced data governance
   • Firms must implement formal data governance frameworks with board-level oversight.
     
     
3. Data quality standard
   • Regulatory data must meet a 99.5% accuracy threshold.