News & Regulatory Updates

News

16/05/2018
Nicholas Murphy

GDPR – A Broker’s Guide

Dear Member, NACFB Compliance have put together a guide for Brokers examining the changes that the General Data Protection Regulation (GDPR) has on your business practices. This downloadable guide sets out the new definitions and requirements that will impact on the Client/Broker/Lender relationship in respect of the Commercial Finance Deal. Data protection is not a

11/05/2018
Nicholas Murphy

NACFB Patrons GDPR Briefing

Dear Patron, We thought it might be worth sharing with you some of the work we have done on GDPR In particular around the broking process. There is real value in having a consistent and collaborative approach to this for a few key reasons: Clarity in the broking process will minimise risks Transparency over responsibilities

04/05/2018
Nicholas Murphy

Twitter Password Security Risk

As you will already know if you have logged in to your Twitter account this morning, the social media platform is instructing all 330 million global users of the site to reset their passwords immediately. As a result of a ‘bug’ in the tech giant’s computer system, the passwords of users have been stored in

01/05/2018
James Hinch

Marketing- Business to Business or Personal?

If getting to grips with General Data Protection Regulation (GDPR) wasn’t enough, this has now raised further challenges to our Brokers regarding email marketing to clients. NACFB took this challenge to the Information Commissioners Office (ICO) and the NACFB can provide our members with support on this area. Firstly, let’s set some basics. There are

30/04/2018
James Hinch

Worker Prosecuted for accessing patient records without authorisation

The Information Commissioners Office (ICO) has released a notification regarding a former employee of a Milton Keynes hospital trust. The individual has been prosecuted for accessing patient records without authorisation. Michelle Harrison, of Milton Keynes,  accessed the records of 12 patients inappropriately, outside of her role as receptionist/general assistant in the Orthotics Department at Milton

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