Italian DPA approves code of conduct for companies providing financial information

On October 13, 2015, the Italian DPA (Garante per la Protezione dei Dati Personali) approved the code of conduct for the processing of commercial data. The code is for companies providing financial information. The code safeguards entrepreneurs’ privacy by making sure that financial and asset information are adequately gathered and stored.

Among other provisions, the relevant financial data will have to be gathered only from public sources or from the data subjects themselves. Information will have to be always up to date and retaineddownload (17) for definite retention periods.

The code will be in force starting from October 11, 2016.

The code of conduct for the processing of commercial data, Codice di deontologia e di buona condotta per il trattamento dei dati personali effettuato a fini di informazione commerciale, is available (in Italian) at….

More information is available (in Italian) at….

For more information, Francesca Giannoni-Crystal

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