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The General Data Protection Regulation applies to all companies based in the EU and those with EU citizens as customers. It has an extraterritorial effect, so non-EU countries are also affected. Even though the UK is planning to leave the EU, the UK will still need to comply with the GDPR. One reason for this is the cross-over period between the GDPR coming into force and the UK exiting the EU. The UK will need to comply with the Regulation while it is still a part of the EU. Another reason is the extraterritorial reach of the GDPR. UK companies continuing to do business with the EU after Brexit will need to comply with the Regulation to avoid infringements.
Although the UK is intending to exit the EU within the next few years, the GDPR will still have an impact. This demonstrates the reach of this EU Regulation beyond the EU. International companies across the globe with any EU citizens as customers will need to be aware of their new legal obligations and comply to avoid fines. With the high level of international business involving the EU, the GDPR may influence stronger data protection procedures around the world.
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The General Data Protection Regulation (GDPR) represents possibly the most sweeping change to data protection laws in over 20 years.
