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On 6 October 2014, the Office of the Privacy Commissioner for Personal Data (PCPD) issued “Guidance on the Proper Handling of Customers’ Personal Data for the Banking Industry” (Guidance). The Guidance also refers to “financial institutions” (FIs) and is therefore also relevant for the wider financial services industry and its data protection compliance practitioners. The Guidance, which runs to 27 pages, reinforces the importance of complying with Hong Kong’s Personal Data (Privacy) Ordinance (PDPO).
Key highlights are:
The specific sensitivity of personal data means that data subjects expect data users to exercise extra care in its handling. The Guidance comments that top management should take note of PDPO obligations and ensure compliance, and it provides useful case studies.
The Guidance can be downloaded from the website of the PCPD.
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