22nd January 2018
The new GDPR (General Data protection Regulation) takes effect from 25 May 2018 and failure to comply with this EU Regulation can attract fines of up to 20 Million Euros or u, to 4% of Global turnover.
I have often been asked about a statement of compliance to this GDPR which is often requested by customers as part of their due diligence activities.
Naturally there are a number of ways to show this. One simple statement is shown here:
GDPR Commitment Statement
The EU General Data Protection Regulation (GDPR) is the most significant piece of European privacy legislation in the last twenty years. It replaces the 1995 EU Data Protection Directive (European Directive 95/46/EC and the UK Data Protection Act -1998), strengthening the rights that EU individuals have over their data, and creating a uniform data protection law across Europe.
(Your Company name) takes security of data as a priority.
(Your Company name) will comply with applicable GDPR regulations as a *data controller/ *data processor when they take effect on 25th May 2018.
Post Brexit, (Your Company name) will comply with the UK version of the GDPR Data Protection Act.
(Your Company name) *is/*is not required to carry out a Privacy Impact Assessment under the requirements set out under the GDPR.
* Delete which not applicable
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