FCA’s GDPR bill to hit almost £4m

Pound notes

The Financial Conduct Authority (FCA) will have spent around £4m by the end of this financial year to ensure it is compliant with the General Data Protection Regulation (GDPR), Insurance Age can reveal.

A Freedom of Information (FOI) request showed that as of 1 May 2018 the regulator had already spent £1,842,401.40 getting ready for the new rules that came into force on 25 May.

Legal advice
A breakdown of the figures showed that IT system changes cost the watchdog £264,000 while staff training

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: