Article
Data Sharing Under ECCTA: A Potentially Powerful But Underused Tool In The Fight Against Economic Crime
To give regulated firms the confidence and ability to share information, the provisions disapply both obligations of confidentiality and civil liability when a firm uses the new information sharing gateways. In practical terms, this means that a regulated firm sharing customer information with another regulated firm under these provisions would have a defence to a breach of confidence claim or other civil action from the customer concerned.
Macfarlanes LLP