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Gayle McFarlane of Cordery
The EU is in the process of reforming its existing data protection rules. These reforms have been moving slowly through the EU legislative pipeline, but on 15 December the European Commission announced that a political agreement has been reached (although
we’re yet to see the final text!). Even though the expected implementation date of these rules is still two years away, we strongly recommend that businesses prepare now as the reforms go well beyond an upgrade. Many deals signed or relationships
entered into involving personal data are likely to be covered by the new rules and most businesses will need to start now to be ready in time.
The top 5 things you need to know about these new regulations:
The right to privacy is mainly regulated in the EU under a 1995 Directive that controls the processing of personal
data. These rules place major compliance requirements on businesses inside and outside the EU.
In January 2012 the European Commission introduced the proposed new Regulation with the overall objective of significantly overhauling the 1995 rules, the mantra being to catch up with the huge advances of the digital age. Other aims include a less administratively
burdensome and costly regime for businesses, an extension and expansion of rights, and, making privacy by design the norm.
There are in fact two proposed sets of new rules as follows.
Visit Cordery to find out more about these proposed changes and what effect they will have on your organisation.
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