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GDPR and Brexit - Regulation Discussion

GDPR and Brexit - Regulation Discussion

15th December 2017

The GDPR is an EU regulation which will revolutionise the way EU governments and companies can gather, store, process and share personal data. EU citizens will, after GDPR enters into force in May 2018, have the right to request the information an organisation holds about them. In addition, companies have to seek explicit consent prior to storing someone’s personal data, in clear and simple language. These are just two in a long list of legal changes brought about by the GDPR. The APGDA’s ‘GDPR and Brexit’ event will outline the main regulatory features, how companies can adapt to them and put them in the overall policy context.

But why does this matter to Britain? One might be forgiven for thinking ‘That’s all well and good, but we are leaving the EU anyway so this will not affect us in the long run’. Wrong! The GDPR does have extra territorial effect, meaning any company holding data about EU citizens is obliged to comply with the GDPR’s data standards. This is highly significant for UK businesses, particularly those holding personal data, such as banks and service providers, which together make up a large part of the UK economy.

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