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BY THE ICELANDIC DATA PROTECTION AUTHORITY: Standard Terms Into Operating Licenses For Financial Information Agencies

BY THE ICELANDIC DATA PROTECTION AUTHORITY: standard terms into operating licenses for financial information agencies

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The Personal Data Protection Authority has released now standard terms into operating licenses to the Office of financial information. The draft has been published as a comment on the 8th of October 2020 and comments presented have been published on the website of the Personal Data Protection Authority.

Terms are now published joined with a relationship with them, that examine the response of the Agency on each comments and changes of the single disposals in the light of them.

In parallel with the publication of those terms, the Personal Data Protection Authority has given to the financial information Agency Creditinfo Lánstrausti hf., ID n. 710197-2109, a new operating license, today dated, which is the same of the terms.

The license will be in force from the 10th of May and valid until the 31st of December 2022. Until the entrance in force of this new license, the financial data processing and the drawing up of reports at Creditinfo Lánstrausti hf. Must be in accordance to previous license terms.

SOURCE: AUTORITA’ PER LA PROTEZIONE DEI DATI ISLANDA

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