GDPR—FAQs for Insolvency Practitioners
GDPR—FAQs for Insolvency Practitioners

The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:

  • GDPR—FAQs for Insolvency Practitioners
  • FAQs for Insolvency Practitioners

FAQs for Insolvency Practitioners

These FAQs were drafted by Allison Broad at the Institute of Chartered Accountants in England and Wales (ICAEW) with contributions from Caroline Sumner at R3 and staff at the ICAEW, Institute of Chartered Accounts Scotland (ICAS) and the Association of Chartered Certified Accountants (ACCA) to provide guidance jointly for members of the ICAEW, the Insolvency Practitioners Association (IPA), ICAS, the ACCA, Chartered Accountants Ireland and R3. Originally posted on 29 May 2018, these FAQs set out some key issues for insolvency practitioners (IPs) to consider when looking at their obligations under the General Data Protection Regulation (GDPR).

What changes do I need to make to my appointment notices for the GDPR?

Post 25 May 2018 your appointment notices need to include a privacy notice. A privacy notice is a document explaining to data subjects their rights and how you will use their personal data. Privacy notices are part of a data subject’s right to be informed by an organisation on how their personal data will be used. A data controller has an obligation to provide ‘fair processing information’ to data subjects, typically through a privacy policy (eg on a website) or a privacy notice (eg a hard copy form). Your privacy notice can be generic.

You can include your privacy notice on your website. If you do