[Consultation] Legal review of documents for My Data Core Approval

The Financial Services Commission has established support centers for businesses to ensure the smooth operation of the MyData business, which will begin in August.

Given the new business being launched, including the establishment of the MyData Support Center and the publication of operational guidelines to protect consumers’ rights to information and facilitate the pass rate companies, it is laying the groundwork for them to prepare services smoothly. Financial companies, fintech companies, and e-commerce companies that did not obtain the initial MyData authorization are actively working to supplement applications and obtain the main authorization. Many banks, financial, and fintech companies are showing high interest in securing a leading position in the personal credit information management (MyData) market.

Veat Law Firm is conducting legal review of documents for MyData pre-authorization and main authorization for A Corporation and other companies in the midst of high interest from financial institutions and fintech companies. Veat Law Firm has provided comprehensive legal review, including reviewing A Corporation’s pre-authorization and main authorization application documents, internal regulations (credit information management guidelines, personal information protection guidelines, consumer protection guidelines), organizational structure reviews (credit information management protectors, compliance supervisors, audit required institutions, consumer protection overall responsibility, information protection highest responsibility), from the pre-authorization application period.

Veat Law Firm is reviewing the application documents for MyData authorization, including checking if there are missing elements in A Corporation’s pre-authorization and main authorization application documents, and whether they comply with the Credit Information Act, Personal Information Protection Act, and Consumer Protection Act.

If you need legal review for MyData business-related matters, please contact Veat Law Firm.

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