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ARTICLE · 28 DECEMBER 2017

What Fund Managers Need To Know About Europe's New General Data Protection Regulation

Proskauer Rose LLP
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The General Data Protection Regulation (GDPR) takes effect on May 25, 2018.

European UnionPrivacy
Kristen Mathews
Kristen Mathews
Kelly McMullon
Kelly McMullon
Courtney M. Bowman
Courtney M. Bowman
Erika Collins
Erika Collins
Michelle Gyves
Michelle Gyves
John Verwey
John Verwey
Cécile Martin
Cécile Martin
Mathilde Pepin
Mathilde Pepin
Author LinkedIn connections

The General Data Protection Regulation (GDPR) takes effect on May 25, 2018. The GDPR will implement more stringent operational requirements for processors and controllers of personal data, including, for example: 

  • expanded notices about how personal information is to be used, 
  • limitations on retention of personal data, 
  • increased requirements to delete or hand over an individual's information upon request, 
  • mandatory data breach notification requirements, 
  • requirements to maintain records of data processing activities and transfers of personal data, and 
  • higher standards for data controllers to demonstrate that they have obtained valid consent for certain data processing activities.

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