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The EU’s General Data Protection Regulation (GDPR)
1 May 2018
The clock is ticking down and the 25 May 2018 deadline to demonstrate compliance with the EU’s General Data Protection Regulation (“GDPR”) is quickly approaching. There are a number of issues that companies should be considering and discussing with their partners. The following summarizes some of the GDPR’s requirements. This is not intended to be a complete list of all of the requirements of the GDPR but addresses some of the high points.
Who must comply with GDPR? The GDPR applies to a broad number of businesses. Any entity that has a presence in the EU must comply with the GDPR, but also any entity that collects, processes or stores personal data of individuals in the EU in connection with offering goods or services within the EU. Given that many U.S. companies without a physical presence in the EU offer goods or services to EU residents, the GDPR is likely to affect many U.S. companies.
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