The UK Digital Regulation Cooperation Forum (DRCF) – an initiative between the Competition and Markets Authority (CMA), the Information Commissioner’s Office (ICO), Ofcom and, from 1 April 2021, the Financial Conduct Authority (FCA) – has published its Work Plan for 2021 to 2022.
The Work Plan sets out how the four regulators propose to cooperate on the regulation of the digital ecosystem in the UK. An overarching theme of the Work Plan is engagement with stakeholders, giving digital businesses operating in the UK an opportunity to inform and shape the regulatory response. Digital businesses should not only monitor the regulatory developments, but also engage with the consultations and ensure that their internal processes covering digital technology, data and innovation are equally aligned so they can respond effectively to forthcoming regulation.