GDPR – New Privacy Regulations in the Old World

 

You have likely heard that the European Union General Data Protection Regulation (GDPR) is here. But do you know what it is, what it means and who it applies to? Here’s an overview.

 What is the General Data Protection Regulation (GDPR)?

The GDPR legislation replaces the 1995 Data Protection Directive and was designed to unify data protection laws across the European Union while providing greater data control and protection for European Union citizens.

Why was it brought into force?

Today’s world revolves around data and it is dramatically different from the world in which the 1995 directive was developed. Many of the original provisions are valid and remain, but the increasing number of privacy and data breaches have made it imperative to update this policy for a number of reasons – including the need to protect European Union citizens.

How is GDPR different from the 1995 Data Protection Directive?

Who does it apply to?

  • GDPR primarily applies to businesses established in the European Union but it also applies to businesses based outside European Union that offer goods or services to European Union residents or collect data about European Union residents (Article 2 – Material Scope and Article 3 – Territorial Scope)

What does compliance mean?

  • Because of the complexity of this legislation, full compliance requirements will vary. Please seek information from an appropriately qualified source such as your professional or legal counsel.

When does compliance enforcement begin?

  • 25 May 2018

Is there a grace period?

  • The European Parliament approved GDPR in April 2016 and it was officially published in May 2016. There is no grace period.

Where can I go for more information?

Sources:

 

Disclaimer

The materials in this post do not constitute legal advice and others and are provided for general information purposes only. It is recommended that you contact your general or legal counsel.

 

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