Subject	Predicate	Object
vbF2aPen	a	Resource
		Answer
		Written answer
	answer has question	HKe1kJOa
	answer has answering person	Kevin Paul Hollinrake
	answer text	<p>There is exciting potential to explore Smart Data in further sectors. The Department chairs the Smart Data Council which brings together government, regulators and industry experts to ensure that the UK continues to be at the forefront of developments in this space.</p><p>Before committing to utilise the provisions in Part 3 of the Data Protection and Digital Information (No.2) Bill in any given sector, there is work to be done to understand how Smart Data can empower consumers and turbo charge competition.</p><p>Officials from the Department for Business and Trade are working with HM Treasury officials on the new long-term regulatory framework for Open Banking, which intends to use these powers.</p>
	answer given date	2023-06-28
	answer has answering body	Department for Business and Trade
	written answer has answering body	Department for Business and Trade
Department for Business and Trade	answering body has written answer	vbF2aPen
Department for Business and Trade	answering body has answer	vbF2aPen
HKe1kJOa	question has answer	vbF2aPen
Kevin Paul Hollinrake	answering person has answer	vbF2aPen