Jurisdiction(s):
United Kingdom

Key definition

Preference definition

What does Preference mean? In insolvency practice, a preference is a step taken or allowed by a debtor before formal insolvency that puts a particular creditor, surety or guarantor in a better position than others if bankruptcy, sequestration, administration or insolvent liquidation occurs. It commonly includes paying one creditor ahead of others, granting new security, improving existing security, or allowing enforcement. The concept is defined in legislation. In England & Wales and Scotland, see the Insolvency Act 1986 (companies: section 239; individuals: section 340). Northern Ireland has equivalent provisions in the Insolvency (Northern Ireland) Order 1989. In Ireland, companies are governed by the...

Supplier questionnaire for customer preference centre: marketing consent capture, data subject rights, system integration and UK GDPR/DUAA 2025 compliance

Published by a LexisNexis Risk & Compliance expert

Precedents

STOP PRESS: We are revising this document to align with the rollout of the Data (Use and Access) Act 2025 (DUAA 2025), which modifies the UK GDPR and the Data Protection Act 2018. For further guidance on the compliance impact of DUAA 2025, see the Practice Note: Data (Use and Access) Act 2025—compliance implications.

1 Background information

Organisation’s name and contact details [ Insert your organisation’s name and the contact details of the person co-ordinating the supplier ]
Supplier’s name [ Insert name of receiving organisation ]
Scope of questionnaire [ Indicate whether the questionnaire concerns the delivery of a brand new Preference centre or the enhancement of an existing preference centre. Also specify whether the preference centre will be the sole system for capturing and managing all customers’ preferences, or will sit within a broader suite of tools used for managing online relationships ]
Interaction between preference centre and other systems [ Describe how the preference centre will interface with other relevant systems, eg: ]
- —will the preference centre be expected to communicate with and auto-populate/update a central customer database?
- —is the preference centre intended to integrate with your customer relationship management (CRM) system in some way?...

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Web page updated on 22/05/2026

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