5CM3.01.14
14
As part of the process of removing a joint account approval or changing to a more restrictive disclosure option, the data holder MUST advise the consumer: 1. that doing this may impact existing services, including arrangements initiated by the other account holder(s) 2. when removing an approval: a. that even though sharing for this service has now stopped, the other account holder(s) can still create new data sharing arrangements for the joint account b. how to change their disclosure option Note: The exact phrasing of the withdrawal message is at the discretion of the data holder. This standard does not affect data holders’ other notification obligations, including under rule 4A.7(3).
Consent Management (Data holder): Joint account disclosure option management service
17 December 2021