Chartered Certified Accountants
and Business Advisers
The General Data Protection Regulation (GDPR) will replace the existing Data Protection Act and takes effect from 25 May. At Sloane & Co LLP, we can provide guidance on how to prepare for the GDPR in the London area.
The new GDPR will require all organisations that deal with individuals living in a EU member state to protect the personal information belonging to those individuals and to have verified proof of such protection. Failure to comply with the new regulation will result in significant fines.
Whilst there are similarities between the Data Protection Act and the GDPR, there are some new and different requirements that all businesses need to be aware of, and act on, before May 2018. This factsheet will help you consider how to prepare for the implementation of the regulations.
We have also produced a related factsheet entitled 'Data Security - General Data Protection Regulation', which covers the principles behind the new regulations.
Here we summarise the new/modified requirements of the GDPR in comparison to the Data Protection Act.
There are perhaps a number of overriding principles and key words within the GDPR. These include transparency, accountability, consent, compliance and privacy by design. Some of the areas where these impact, include:
The ICO have produced a twelve step checklist to help organisations get themselves ready for compliance.
As well as the necessity to comply with the GDPR, there are various other Acts and regulations in the UK which have a bearing on data security. These include:
We can provide help in the following areas:
If you are in the London area please do contact us for guidance on how to prepare for the General Data Protection Regulation.