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Changes Within The European General Data Protection Directive

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Changes in the European General Data Protection Directive
How to prepare for the new regulations?
Overview & requirements

Why is a new regulation required? What does this means for a company?
The new General Data Protection Regulation (GDPR) is due to be passed through European Parliament. It will impact any organisation that gathers, processes and stores personal data. It is currently a draft regulation, due to come into effect by late 2015 and it’s aiming to unify and simplify data protection regulation for all the member countries of the European Union (EU).
As of Monday 15 June 2015, the Council of Ministers reached a general approach on the general data protection regulation that establishes rules adapted to the digital era and an agreement on GDPR is expected by the end of the year. As a Regulation and not a Directive, it will have immediate effect on all EU Member States after the two-year transition period and does not require any enabling legislation to be passed by governments.
As part of the Data Protection Reform Package, the European Parliament is currently discussing the Commission Proposal for a Regulation of the European Parliament and of the Council on the protection of individuals with regard to the processing of personal data and on the free movement of such data. It includes a strict data protection compliance regime with severe penalties of up to 100M euros or up to five percent of worldwide turnover for

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