A procrastinator's guide to GDPR: Five things advisers need to know

Comes into force on May 25

clock • 5 min read

The deadline to implement the General Data Protection Regulation (GDPR) is just two days away. For the stragglers out there, Michael Osterman runs through five things advice firms need to know.

The new EU-wide General Data Protection Regulation (GDPR) was signed into law in late April 2016 and comes into effect this Friday. That now leaves less than 48 hours to finalise preparations before the new regulation comes into force. At its core, GDPR strengthens the rights of EU data subjects. Companies holding any data on EU citizens, whether they are employees or customers, will now be required to comply with regulations which fundamentally restructure how data is allowed to be gathered, stored and used. Failure to comply with these requirements will result in a financial pena...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA unveils enhanced rules for market data and investment research

FCA unveils enhanced rules for market data and investment research

Including bonds and derivatives

Cristian Angeloni
clock 05 November 2024 • 2 min read
Jupiter changes Global Sustainable Equities fund name to comply with SDR

Jupiter changes Global Sustainable Equities fund name to comply with SDR

Renamed Jupiter Global Leaders fund

Eve Maddock-Jones
clock 05 November 2024 • 2 min read
FCA issues warning notice against Crispin Odey

FCA issues warning notice against Crispin Odey

Over alleged code of conduct breaches

Cristian Angeloni
clock 01 November 2024 • 2 min read
Trustpilot