Brexit Means More Changes for Compliance in the UK

| August 24 2016

The historic referendum vote in June to leave the European Union (EU) has left many questions unanswered and has left the UK in period of political, economic, and social uncertainty. However, the one thing we can be certain about is change.

What impact does this have on compliance, governance and GDPR?

Until the UK has triggered Article 50 to formally commence the exit process and begin negotiations with the EU, there is little or no immediate impact for UK businesses.

The message from authority post-Brexit is to “stay calm and keep compliant.” UK organisations will continue operating as business as usual in the calm before the storm.

We don’t know what the long-term impact of the decision to leave the EU will have on the UK. However, we do know two critical facts to help us determine what to expect post-Brexit:  

  1.  The UK will invoke Article 50 sometime in 2017
  2. Organisations within the EU are required to be General Data Protection Regulation (GDPR) compliant by May 2018

 

With a two-year minimum, mandatory transition period, UK organisations must still put into place internal policies and measures to ensure GDPR compliance in the short-term during negotiations with the EU. Moreover, many commentators believe that the process to untangle itself from the EU could take significantly longer than the 2-year transition period, leaving UK organisations uncertain about long-term regulatory compliance and information governance policies.

Organizations that believe Brexit means the ability to ignore GDPR and compliance requires are grossly mistaken

If Britain elects to remain a member of the European Economic Area (EEA), (with countries like  Switzerland, Norway, Iceland and Lichtenstein) post-Brexit, it will be required to comply with GRPR. Regardless of what happens, GDPR will apply to any UK organization that holds EU citizen data.

How to gain a detailed understanding for current requirements 

Join Mark Williamson, the Co-Founder of Hanzo and creator of modern-day web archiving as well as leading experts Dr. Donald Macfarlane and James Donnelly for an in-depth discussion on why Brexit makes compliance, governance and GDPR even more important for business.

For more information on the event, click here 

Date: September 22, 2016

Venue: Reed Smith LLP

Broadgate Tower, 20 Primrose Street London EC2A 2RS

Duration: 9am – 11am

Related posts

7 Reasons Your Legal Department Wants You to Upgrade to Slack Enterprise Grid

7 Reasons Your Legal...

The global coronavirus pandemic has required that companies—practically overnight—restructure their offices to achieve ...

Read More >
The Bottom Line on Archiving Online Communications Under SEC Rules 17a-3 and 17a-4

The Bottom Line on Archiving...

If you’re in the financial services industry, you’ve got a lot on your plate. You’re researching investments, advising ...

Read More >
Ediscovery And Compliance Considerations In A Work-From-Home World

Ediscovery And Compliance...

Practical actions to ensure business continuity while reducing risk and preparing businesses to thrive in the future. ...

Read More >