The Data Protection Bill 2017 will update data protection laws for the digital age and was introduced to the House of Lords on 13 September 2017. The Bill will replace the Data Protection Act of 1998 and will:
- Make our data protection laws fit for the digital age in which an ever-increasing level of data is being processed.
- Empower people to take control of their data.
- Support UK businesses and organisations through the change.
- Ensure that the UK is prepared for the future after we have left the EU.
The Bill provides greater clarity in areas such as Profiling, Legitimate Interest, Right to be Forgotten and will preserve existing tailored exemptions that have worked well in the Data Protection Act, carrying them over to the new law to ensure that UK businesses and organisations can continue to support world leading research, financial services and legal services.
BEIS provides guidance for companies and limited liability partnerships (LLPs) who must comply with the statutory reporting duty for payment practices and performance. It covers:
- who needs to report
- what needs to be reported
- how the information needs to be reported
- when the information needs to be reported
Mandatory reports will start to be required from October 2017 (depending on your financial year dates), but businesses can publish on a voluntary basis from April 2017.
BIPA are pleased to announce that Company Watch Ltd has become a member from February 2017. Company Watch Ltd which was founded in 1998 in London is delighted to be joining BIPA which now comprises the seven principle Commercial Credit Reference Agencies in the UK.