The following Financial Services guidance note Produced in partnership with Stephanie Pritchett of Pritchetts Law provides comprehensive and up to date legal information covering:
The General Data Protection Regulation (the GDPR), Regulation (EU) 2016/679 was published in the Official Journal of the EU on 4 May 2016. Its provisions became applicable and fully enforceable in all EU Member States from 25 May 2018.
It is worth noting that consents obtained under the previous data protection regime should still continue to be effective under the GDPR, provided that they meet the GDPR conditions. This is set out in GDPR, Recital 134, where it is stated that:
Directive 95/46/EC (the Data Protection Directive) would be repealed by the GDPR
processing already under way on the date of application of the GDPR should be brought into conformity with the GDPR within two years after the GDPR comes into force
where processing is based on consent under the Data Protection Directive, it is not necessary for the data subject to give their consent again if the way the consent has been given is in line with the conditions of the GDPR, so as to allow the controller to continue processing after the date of application of the GDPR
For more information on the GDPR generally, see Practice Notes: The General Data Protection Regulation (GDPR), Key definitions under the GDPR and Data protection principles under the GDPR.
For discussion of the meaning of ‘consent’ under the Data Protection Act 1998 (DPA 1998) and
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.