Late yesterday European institutions finally agreed the text of new data protection rules (GDPR), more than three years after new regulation was proposed.
The 28 Member States of the European Union will have two years to transpose the provisions of the GDPR into their national laws, with the regulation set to come into force from 2018. There are still a few more stages in the process — although the Parliament, Council and Commission agreed the text yesterday there’s a further confirmation vote tomorrow by the Civil Liberties Committee, and another vote by the European Parliament as a whole in the new year…
The new rules will apply to any companies who have customers in the region regardless of whether the company itself is based outside Europe.
Read more at TechCrunch
