Navigating Trusts In A Data-Driven World: Developments In Guernsey's Regulatory Landscape

Key Takeaways

• Trustees need to know what data they hold and what that data is used for.
  
  
• Trustees need to prevent and manage risks of data breaches.
  
  
• Trustees need to ensure that relevant entities are registered with the ODPA, annual returns filed, and the appropriate levies paid.

This is the third and final article in a three-part series by the Walkers Guernsey Regulatory & Risk Advisory team.

We explore what trustees need to be aware of when dealing with data and complying with their obligations under the Data Protection (Bailiwick of Guernsey) Law, 2017 and related legislation (the "DP Law").

In the first two articles in this series (available here and here) we looked at some of the key terms and concepts when applying data protection law in the context of trusts as well as the proactive steps a trustee needs to think about in relation to the personal data they hold and how they might best respond to a data subject access request.