Arkle Finance has partnered with Asset Finance Policy (AFP), an independent regulatory affairs consultancy, to offer its brokers a General Data Protection Regulation (GDPR) toolkit.
The AFP toolkit offers a checklist, which according to Arkle Finance, will help brokers to complete the key steps needed for GDPR, offering a step-by-step guidance that helps brokers to get compliant quickly and affordably.
It includes model documents that brokers can adapt and use such as consent request, privacy notice and data rights forms.
The author of the toolkit is Julian Rose, who has worked asset finance brokers since starting AFP in 2014 after six years as head of asset finance at the Finance and Leasing Association.
Arkle Finance provides support to small asset finance broking businesses having to prepare for new European data protection regulations.
Daniel Bailey, managing director of Arkle Finance, said: “Complying with the new rules is of critical importance for everyone in both the broker and lender communities, but the good news is that the changes required are unlikely to be substantial for most brokers. GDPR shouldn’t become an obstacle to a broker’s normal business.”
He added: “There’s no shortage of information about GDPR out there, but there’s nothing as practical and specific to asset finance brokers as this toolkit. It should be particularly useful for small firms without in-house compliance experts or external advisers.
“Trust and mutual support are a key part of Arkle’s relationship with brokers and their clients, and we hope our toolkit will give them some vital assistance as they prepare for the arrival of GDPR.”
