We have issued SECMP0034 ‘Changes to the SEC Section D for DCC analysis provisions’ and SECMP0045 ‘Incorporation of the requirements of the General Data Protection Regulations’ forModification Report Consultation, (MRC), which you are invited to respond to by 5pm on Friday 9th March 2018.
Who will be impacted?
SECMP0034 will impact the Data Communication Company (DCC). It will not have an impact on any other SEC Parties or on any systems.
SECMP0045 will not have an impact on any SEC Parties or systems.
What are the proposed solutions?
SECMP0034 seeks to recognise the DCC’s Preliminary Assessment and Impact Assessment processes, the timescales for these and associated reporting to the Panel within the SEC.
SECMP0045 proposes to introduce the necessary changes required to the SEC to implement the requirements of the General Data Protection Regulation (GDPR).
How are these Modification Proposals being progressed?
The SEC Panel considered these Modification Proposals on 9th February 2018 and agreed that:
- SECMP0034 should be progressed as a Path 3: Self-Governance modification;
- SECMP0045 should be progressed as a Path 2: Authority Determined modification; and
- both modifications should be issued for MRC.
How can I respond?
We invite you to respond to these MRCs by completing the response form attached to each consultation, indicating whether you believe these modifications should be approved or rejected.
If you do not wish to register an opinion on the outcome of a modification, then please indicate ‘no interest’. If you are abstaining for reasons other than no impact on your organisation, then please indicate ‘abstain’ in the consultation response form.
When providing your views, please provide supporting rationale, making reference to the relevant SEC Objectives.
Please send your responses to SEC.Change@gemserv.com using the attached consultation response forms by 5pm on Friday 9th March 2018.
Please note that this is your final opportunity to comment on these modifications prior to the Change Board Vote, which will take place on 21st March 2018.
Where can I find further information?
Further information can be found on the SECMP0034 and SECMP0045 pages of our website. If you have any questions or would like to discuss these modifications further, please contact Talia Addy on 020 7090 1010 or email SEC.Change@gemserv.com.