On 7 February 2020, the FCA, the Information Commissioner and the Financial Services Compensation Scheme issued a joint statement warning insolvency practitioners and FCA authorised firms to be responsible when dealing with personal data. Among other things the regulators warn that by passing on personal data, companies may be failing to meet their obligations under the Data Protection Act 2018 and the General Data Protection Regulation. Any subsequent direct marketing calls, texts or emails carried out by claims management companies may breach the Privacy and Electronic Communications Regulations 2003.