Last week marked the one month countdown to the introduction of General Data Protection Regulations (GDPR).
The new laws will come into place on the 25 May and will radically change how companies are required to process personal data, such as customer lists and employee records. GDPR applies to all business in the EU that collect, store and process this data. It will be the largest shakeup of data protection laws in the country for decades and could result in fines for businesses found to not be compliant.
Industry heads are appealing to the Information Commissioner’s Office, which is regulating the new law in the UK, to adopt a light touch approach, particularly in the first few weeks and months as the regulations are rolled out.
Make sure your business is fully compliant before the 25 May.
At Beavis Morgan, we understand the challenges faced by business owners. We work with many small and medium sized businesses across a wide range of industry sectors, guiding them though the various stages of business life from start up to exit and all the challenges in between. If you have any concerns relating to the matter of data protection, we are able to put you in touch with companies within our extensive network of contacts who will be able to assist. It’s part of our commitment to supporting SME businesses by providing a holistic suite of business advisory services.
Please contact Gareth Dalton on 020 7549 2433 or your usual Beavis Morgan Partner for further information and assistance.
Further reading: GDPR: 6 key elements to help SMEs prepare