The General Data Protection Regulation (GDPR) comes into force across the European Union (EU) on 25 May 2018. It will have an impact on EU fund managers and may have an impact on non-EU fund managers depending on their operations. Below are FAQs to help EU and non-EU fund managers determine the extent to which the GDPR may affect them and the next steps they should consider taking. Compliance with GDPR is especially important given the potential fines (up to EUR 20 million or 4% of a business’s worldwide annual turnover) that can be imposed for breaches.
