In the ninth in a series of regulatory columns in Compliance
Matters by experts in Guernsey's legal sector, Collas Crill Senior Associate in the Corporate
and Commercial team, Gareth Morgan, discusses how the EU General
Data Protection Regulation (GDPR) will affect investment fund
structures.
GDPR is the current office 'crusade du jour' in many a
financial, legal or investment management firm here in Guernsey.
The principal tenets of the GDPR will be effective in many offshore
jurisdictions via the extra-territorial effect of the regulation
itself. In Guernsey, the Data Protection (Bailiwick of Guernsey)
Law, 2017 will match the essential safeguards of personal data as
set out in the GDPR, so that Guernsey maintains its current status
as an 'adequate' jurisdiction, internationally.
