What is the GDPR?
The General Data Protection Regulation (GDPR) is an EU regulation designed to strengthen and harmonise data protection rules for processing data of all individuals within the EU and covers the transfer of such personal data outside the EU. One of the aims of the new legislation is to give control back to individuals over their personal data by establishing new rights for individuals in relation to their data and imposing more stringent obligations on companies that collect and process personal data.
Notwithstanding Brexit, the UK government intends to incorporate the GDPR into UK law, overriding the Data Protection Act 1998. GDPR will become immediately effective in the UK on 25 May 2018. This blog looks at the GDPR from the perspective of the insolvency practitioner and what you may need to do to ensure compliance. Continue Reading