The General Data Protection Regulation (GDPR)
The GDPR is a new EU data protection law that will come into effect on the 25th May 2018 and will be replacing the current Directive (95/46/EC). The aim of the GDPR is to protect citizens’ private information and to strengthen the rights of EU citizens by introducing new rules relating to data protection, in particular in view of the vast developments made in data creation and gathering. Social media and cloud computing have for example changed the way we create and gather data and so the need was felt for a new law which will be implemented throughout the EU including Malta.
The existing data protection laws predates the developments of the digital age and therefore no longer suitable for today’s world. The GDPR will introduce a number of changes by applying stricter requirements in the way businesses use personal data. Substantial penalties will be imposed if businesses fail to comply.
The GDPR will be implemented throughout the whole EU and will not only effect organisations established within the EU, but will also have an impact on non EU organisations that trade with EU based companies. This means that the GDPR will have an expanded territorial scope and will apply to many international organisations, irrespective of the jurisdiction in which they are established.
How can we help?
ACT has set up a new business unit to help your business become compliant with the GDPR. Please contact us to discuss how we may help you and your business understand the new requirements under the GDPR and how this may effect your business. For further information, you may contact one of the firm’s partners on [email protected].
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].
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