231. Section 62 of the Financial Services and Pensions Ombudsman Act 2017 is amended—

(a) in subsection (2), by the substitution of the following paragraph for paragraph (b):

“(b) ensures compliance with the Data Protection Regulation and the Data Protection Act 2018.”,

and

(b) by the insertion of the following subsection after subsection (4):

“(5) In this section, ‘Data Protection Regulation’ means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016⁵³ on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation).”.