Hedge Alert - How is your GDPR timetable looking?

May 22, 2018

If you are currently commuting your way across London and the South East of England, timetables may be at the forefront of your mind. However, rail timetables are not the only things changing! The General Data Protection Regulation (GDPR) comes into force this Friday 25 May 2018 bringing with it some important changes. If you are involved in the storage, collection or any other processing of personal data as part of your interactions with investors, potential investors and/or service providers, then GDPR will probably apply to you in some shape or form.

Depending on how you are affected by the GDPR, you may need to appoint a European Authorised Representative (if you are a Fund domiciled outside the EU but deemed to be acting as a data controller or data processor with respect to EU investors/potential investors) and/or a Data Protection Officer (DPO) (if your core activities require large scale, regular and systematic monitoring of individuals or large scale processing of special categories of data).

If you are unsure about whether or how GDPR may affect your fund or would like advice on implementing GDPR, please get in contact with our funds team at MJ Hudson.

If you would like further advice, or need to review existing or proposed arrangements, please contact your usual MJ Hudson contact or sean.scott@mjhudson.com

Author:

Sean Scott

Hedge Alert - Impending GDPR

May 15, 2018

Welcome to the first edition of MJ Hudson’s Hedge Alert: the latest industry developments and regulatory news straight into your inbox.

The General Data Protection Regulation (EU 2016/679) (the “GDPR”) will enter into force across Europe on 25 May 2018.

Fund managers and service providers should note that the GDPR will regulate the collection, storage and other processing of personal data across the EU, including the transfer of data outside of the EU

Funds and their service providers should take the opportunity to review their data management procedures and practices to ensure they are in compliance with their GDPR obligations and to avoid the potential for data breaches and increased penalties.

If you would like further advice, or need to review existing or proposed arrangements, please contact your usual MJ Hudson contact or sean.scott@mjhudson.com

Author:

Sean Scott