Brexit may have created great uncertainty in many areas of business, and nowhere more so than the financial services regulatory environment. With an impending divorce still to be initiated, many UK businesses will still be subject to some major EU regulatory changes which must be adhered to – General Data Protection Regulation (GPDR) being one.
Regardless of whether a firm is based in the EU, GDPR applies to all firms handling personal data on EU citizens.
While May 2018 may seem some time away, ensuring you are prepared for GDPR could be a lengthy process and one that should not be taken lightly. A lack of preparation will trigger some potentially devastating penalties, including fines of up to €20M or 4% of worldwide turnover – whichever is greater.
To help guide your preparations, DST has developed a six-point checklist, highlighting some of the key areas firms need to consider and address.
Complete the following form to download the free "GDPR Checklist – Post-Brexit: Are You Ready?" report: