Financial Conduct Authority
April 28
08:00
2022
Details
The Digital Regulation Cooperation Forum (DRCF) has set out its workplan for 2022 to 2023. This plan sets out how the member regulators aim to approach joint areas of UK digital regulation through the DRCF in this coming year. These regulators are:
- the Competition and Markets Authority (CMA),
- the Financial Conduct Authority (FCA),
- the Information Commissioners Office (ICO), and
- the Office of Communications (Ofcom).
This workplan builds on the strong foundations laid in the first year of the DRCF and outlines the DRCFs key strands of work under 3 pillars:
- Coherence between regimes
- Collaboration on projects
- Capability building across regulators
The DRCF workplan for 2022 to 2023 includes projects that will help to tackle significant digital challenges, including:
- Protecting children online - improving outcomes for children and parents by ensuring the privacy and online safety protections overseen by the ICO and Ofcom work in unison together.
- Promoting competition and privacy in online advertising - foster competitive online advertising markets that deliver innovation and economic growth, while respecting consumer and data protection rights, via joint ICO and CMA work.
- Supporting improvements in algorithmic transparency - support the use of algorithmic processing to promote its benefits and mitigate the risks to people and to competition, by exploring ways of improving algorithmic transparency and auditing.
- Enabling innovation in the industries we regulate - encourage responsible innovation and explore different models for how we coordinate our work with industry to support innovation.