GDPR is new European Union legislation that comes into force in March 2018 to regulate the use and storage of personal data by private and public sector organisations within member states of the European Union. For the most part it does not differ from existing data protection law in the UK. The prime purpose of the legislation is to regulate businesses selling to consumers and not the business to business activity carried out by Friendly Financial Ltd. However, like most EU legislation, GDPR has been deliberately drafted in such way to allow individual EU states to implement it according to local conditions. This means that its rulings are often ambiguous and open to different interpretations. The senior management team atFriendly Financial Ltd has reviewed our data protection policies in line with GDPR and taken the following actions.
General Data Protection Regulation
Friendly Financial Ltd GDPR Statement
Friendly Financial Ltd is committed to protecting all its customers, suppliers and team members by maintaining best practice data protection processes in line with all UK and EU law including GDPR.
Friendly Financial Ltd is engaged in selling goods and services to corporate and public sector enterprises and all marketing activity is directed at these enterprises. In the legitimate pursuit of this businessFriendly Financial Ltd may hold data on individuals working in these organisations. This data is limited to name, job title, organisation email address and telephone numbers. We do not hold personal data such as home addresses or any personal credit card or bank details.
Friendly Financial Ltd has undertaken a review of its data protection policy and implemented the following;
• Reviewed what data we hold
• Identified how this data was collected
• Reviewed how we communicate that this data is only used for the legitimate pursuit of business to business activity
• Reviewed our processes for responding to requests to delete, amend or restrict data.
• Reviewed our processes for providing access to data when legitimate requests are made
• Reviewed our legitimate use of data for business to business activity
• Reviewed our consent mechanism.Friendly Financial Ltd has interpreted that the GDPR consent guidelines do not wholly apply to B2B activity and that our Unsubscribe policy meets best practice and legislative guidelines.
• Reviewed our security and ability to prevent, detect and report data breaches in line with GDPR and ISO27001
• Reviewed the need for a Data Protection Impact Assessment
• Appointed a Data Protection Office
• Reviewed our international data
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