The Financial Conduct Authority has been found to have broken data protection rules by intercepting and diverting emails, according to the Information Commissioner’s Office.
The policy is believed to have been signed off by the office of then CEO Andrew Bailey, who is currently governor of the Bank of England, and has been used to keep track of employees considered to be a "nuisance", according to a report by The Times. The ICO concluded last month that the FCA had "infringed their data protection obligations", after a former employee complained about the policy to the data protection regulator. 'No intention' of retrospective action in FCA's proposed non-financial misconduct rules Emails from certain individuals were diverted from reaching their recip...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes