What does the EU Data Protection Regulation mean for your organisation?
Assured in business process services
The European Union’s General Data Protection Regulation (GDPR) has been a long time in the making. It’s also not without its critics. But, after thousands of amendments, and years of discussion relating to its scope, the Regulation seems likely to be adopted in 2016.
This means that, following a two year transition period, companies will be required to comply with the requirements of the regulation. Failure to comply may result in severe penalties including fines of up to the greater of 4% of global turnover or €20 million and other sanctions.
At Equiniti we develop technology solutions and services to make operational processes easier for our client customers. These processes, often, are subject to regulation and compliance standards, just like the GDPR. It’s for this reason that we have produced this paper.