Compare with different regulatory event:
On 30 March 2022, the UK Financial Conduct Authority (FCA) opened a consultation on the use of synthetic data in the financial services sector until 22 June 2022. The call for input aims to determine the ways in which synthetic data could be of use in the financial sector, as well as potential drawbacks and challenges. Synthetic data is generated by algorithms, rather than being based on real-world events, although it attempts to simulate such real data. Assuming that real individuals cannot be identified from synthetic data, the GDPR would not apply.
Original source