Compare with different regulatory event:

Description

Closed FCA consultation on synthetic data in financial services

On 22 June 2022, the UK Financial Conduct Authority (FCA) closed its consultation on the use of synthetic data in the financial services sector. 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

Scope

Policy Area
Data governance
Policy Instrument
Data governance, nes
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

Hide details
2022-03-30
in consultation

On 30 March 2022, the UK Financial Conduct Authority (FCA) opened a consultation on the use of synt…

2022-06-22
processing consultation

On 22 June 2022, the UK Financial Conduct Authority (FCA) closed its consultation on the use of syn…