The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018. As there’s now less than a year to go until enforcement, small businesses need to find ways to take advantage of the opportunities the changes will bring.
GDPR will firmly place the customer in charge of his or her data. It’s been designed to empower individuals and allow customers to decide what happens to their information.
As
a small business owner, it is key that you keep track of upcoming government
legislation. This will allow your firm to trade effectively, without incurring financial
penalties. You should take note of the
fact that you now have to disclose the names of ‘People with SignificantControl’ of your business.