The Digital Regulation Cooperation Forum, or DRCF, brings together four UK regulators with responsibilities for digital regulation – the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), the Information Commissioner’s Office (ICO) and Ofcom. These regulators set up the DRCF in 2020 to make it easier for them to collaborate on digital regulatory matters.
The DRCF supports cooperation and coordination between members and enables coherent, informed and responsive regulation of the UK digital economy. This effective collaboration greatly benefits UK citizens and consumers online.
The Competitions and Markets Authority (CMA) is an independent department of the UK government. Its primary focus is to ensure that competition and markets work in favour of consumers. The CMA’s goals include enforcement, consumer protection and ensuring that all UK business is conducted fairly and legally to the highest standards.For more information, click here
Ofcom is the regulator and competition authority for the UK communications industries. It regulates the TV and radio sectors, fixed line telecoms, mobiles, postal services, plus the airwaves over which wireless devices operate. It will also be responsible for enforcing the upcoming Online Safety Bill.For more information, click here
The Information Commissioner’s Office (ICO) is the UK’s independent public authority set up to uphold information rights. It upholds information rights in the public interest, promoting openness by public bodies and data privacy for individuals.For more information, click here
The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA regulates the conduct of 50,000 firms in the UK, ensuring our financial markets are honest, competitive and fair.For more information, click here
The DRCF has three core aims: