New entrants to the UK banking sector have just under two years to prepare for the enforcement of the EU General Data Protection Regulation (GDPR). Enforcement will commence on the GDPR Effective Date (25 May 2018).
The 2-year transition period is designed to allow organisations to adapt to the new requirements of the GDPR. Processing of customers’ personal data that’s already underway should be brought into conformity with the GDPR within this 2 year transition period.
Recital 171, GDPR provides:
(1) Directive 95/46/EC should be repealed by this Regulation...
Read More
Recent Comments