European General Data Protection Regulation (GDPR)

On 4 May 2016, the official text of the GDPR Regulation has been published in the EU Official Journal. While the Regulation entered into force on 24 May 2016, it shall apply from 25 May 2018.

Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation).

The Regulation is an essential step to strengthen citizens’ fundamental rights in the digital age and facilitate business by simplifying rules for companies in the Digital Single Market. Violations can cost a company up to 4% of worldwide revenue.  More details can be found here.