It maybe the season of goodwill but that hasn’t stopped the ICO making further changes to Privacy legislation that will pour more misery on Company Directors.
As of the 17th December, Directors will be personally liable for nuisance marketing activity and could be forced to pay up to £500,000. Under changes to the Privacy and Electronic Communications Regulations (PeCR), the regulator is cracking down on Company’s who seek to avoid existing fines by winding up the Company in the face of regulatory scrutiny or monetary penalty and set up a new Co under a new name (so called ‘phoenixing’). This change will hold Directors of Senior Officers more accountable moving forward and is hoped to further discourage poor practice.
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