UK’s Financial Conduct Authority issues guidance on cloud

On 7 July 2016, the UK’s Financial Conduct Authority (FCA) issued finalised guidance for authorised UK financial institutions use of cloud services. In a marked contrast to some other jurisdictions’ approach, this guidance is issued against a policy backdrop of FCA’s ‘Project Innovate’ which is a initiative to foster innovation and competition. The FCA say:

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Ofcom to review and update General Conditions of Entitlement affecting all communications providers operating in the UK

If you read past the Openreach headlines in Ofcom’s Digital Communications Market review, you can find four paragraphs in chapter eight announcing a review of the UK’s General Conditions of Entitlement, which will affect anyone operating a telecoms network or providing telecoms services in the UK  Since individual licences were (largely) abolished in the UK in 2003, providers of electronic communications networks or services have operated subject to the General Conditions of Entitlement (aka General Conditions or GCs).

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