Guidance: HMT Privacy Notice for the investigation into the FCA’s regulation of London Capital and Finance Plc

HMT Privacy Notice for the investigation into the FCA’s regulation and supervision of London Capital and Finance Plc

Background information about the processing

The Financial Conduct Authority (FCA) has been directed by HM Treasury (HMT) to conduct an independent investigation into the regulation and supervision by the FCA of London Capital and Finance Plc.

Upon completion of the investigation, the FCA is required to make a written report (the ‘Report’) and provide it to HMT (the ‘handover process’). HMT is then required to publish the Report and lay it before Parliament (the ‘publication process’). The Report contains the personal data of certain individuals.

During the handover process, the FCA and HMT are joint controllers of the personal data. A copy of the protocol setting out the arrangements and allocation of responsibilities between FCA and HMT in respect of the handover process can be found on the FCA’s website (PDF, 245 KB).

HMT is the sole controller of the personal data processed during the publication process.

This notice sets out how HMT will use your personal data for the purposes of reviewing, publishing and laying before Parliament the Report, and explains your rights under the General Data Protection Regulation (GDPR) and the Data Protection Act 2018 (DPA).

We will process the following personal data:

The lawful basis for HMT’s processing of your personal data as part of the handover and publication process is that it is necessary for the performance of a task carried out in the public interest (Article 6(1)(e) of the GDPR). HMT is under a statutory obligation to publish the Report and lay it before Parliament, and we would be unable to fulfil that public task without processing the personal data.