It added that the platform also has "robust restrictions on the content allowed in teens' feeds".
Mr Edwards said TikTok's algorithm "feeds" on personal data gleaned from user profiles, preferences, links clicked and how long they spend watching a particular video - making it subject to UK rules.
In addition to the probe into TikTok, the ICO is also checking the age verification processes of Reddit and Imgur, an image-sharing platform.
The investigation will look into whether the companies are complying with both the UK's data protection laws, and the children's code.
The code is set to design principles for online platforms aimed at protecting children in the UK. Platforms which collect UK children's user data must minimise the amount they gather and take extra care when processing it.