About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Brexit and the UK Data Protection Bill: How does it impact you?

Subscribe to our newsletter

By Dennis Slattery, CEO at EDMworks

On September 13, the UK government introduced in Parliament the Data Protection Bill. Its purpose is to implement a comprehensive data privacy framework for the UK in the post-Brexit environment. The scope of the bill covers:

  • Implementing the General Data Protection Regulation (GDPR) into UK law
  • Implementing the EU Law Enforcement Directive (LED), which member states have until May 6, 2018 to transpose into national law
  • Adopting the standards on processing of personal data carried out by the intelligence services.

The bill is meant to function as a bridge between the existing UK approach to data protection under the 1998 Data Protection Act and the new framework created by the GDPR and the LED. In essence, the bill reinforces the UK’s position on data protection by replicating many of the provisions and safeguards contained in the 1998 Act.

These include processing of sensitive data around criminal convictions, automated decision-making safeguards and exemptions for processing under certain types of circumstances, for example, crime and taxation purposes, research, historical or statistical purposes. The age of a child for UK consent purposes is set at 13, as against 16 in the GDPR.

New criminal offences

The existing offence of unlawfully obtaining personal data is retained with the penalty of unlimited fines. Two new offences are created: (1) re-identification of personal data which is contained in an anonymised dataset; and (2) alteration of personal data to prevent disclosure in response to a data subject access request.

Watch out for the Brexit negotiations!

Transferring data across the EU boundary is tricky. The EU Commission controls a list of ‘3rd’ countries it deems as having ‘adequate levels’ of data protection. Only a few countries are listed: Andorra, Argentina, Canada (commercial organisations), Faeroe Islands, Guernsey, Israel, Isle of Man, Jersey, New Zealand, Switzerland and Uruguay. To transmit data to an entity in another country involves additional legal mechanisms such as the EU/US ‘Privacy Shield’ agreed between the US Department of Commerce and the EU Commission.

In simple terms, EU privacy law puts human rights at the core of data protection, while the US prioritises ‘national security’ ahead of personal privacy. ‘Privacy Shield’ tries to resolve this by providing a legal framework, but it is subject to constant (and successful) legal challenge, which generates uncertainty for everyone involved.

Arguably, the UK position on privacy lies somewhere between the EU and US positions. The status of post-Brexit cross border flows is one of the key items in the EU/UK Brexit negotiations. The outcome will determine whether the UK has 3rd country status, some ‘special’ status or no status at all.

Watch this space. This UK bill may not be the end of the story.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to move to a modern, component based trading architecture using a Buy AND Build approach

To remain competitive in today’s electronic markets, firms need trading architectures that support rapid innovation, effortless integration of new capabilities, and the agility to respond to shifting market demands. This is prompting technology leaders to move beyond the traditional “Buy vs. Build” debate, a false dichotomy that oversimplifies the choice between generic, off-the-shelf platforms and...

BLOG

Beeks Wins Three Market Edge Intelligence Deals Worth Almost $10m

Beeks Financial Cloud Group has signed three contracts worth a combined total of almost $10 million for Market Edge Intelligence, its AI-powered analytics platform, less than a year after the product launched in August 2025. The wins span a Global Tier 1 Investment Bank, an existing global financial services customer and a leading US equities...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...