Collas Crill Senior Associate Nin Ritchie
considers the effect that the EU's General Data Protection
Regulation is going to have on financial firms and the steps that
they should think of taking when gearing up for it.
You don't need a lawyer to tell you that the General Data
Protection Regulation (GDPR) juggernaut is steadily chuntering
towards any organisation who operates or wants to operate in or
with the EU, and there is nothing you can do about it other than to
be prepared and ready for the impact when it hits on 25 May 2018.
On that cheery note, maybe I should stop there, but I
won't!
Guernsey is on track to introduce the Data Protection (Bailiwick
of Guernsey) Law 2017 (DPGL) in conjunction with the coming into
force of the GDPR. It will do two things. It will make Guernsey an
'equivalent' jurisdiction (being one of only 11 non-EU
jurisdictions to have this status); and, in doing so, it will
extend GDPR-type obligations to Guernsey organisations
