Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Protection network security computer and safe your data concept. Digital crime by an anonymous hacker

Proposed UK Data Protection System – deregulation in name only?

 

The government’s push to create new data protection regulations for the UK will leave businesses having to comply with multiple regimes, says corporate lawyers RWG Goodman. 

Secretary for State for Digital Michelle Donelan this week confirmed the Government’s commitment to replacing the GDPR regulations with its own ‘GBGDPR regulations’. An initial set of proposals were announced in a consultation published earlier this summer but have been put on hold whilst the Government revisits them to find “our own business and consumer friendly British data protection system”. 

Whilst a lot of businesses like the idea of simpler regulations, any amendments to the UK’s data protection system are only likely to create additional regulatory burdens for businesses that trade across the EU, says Carl Selby, head of the Tech Sector at RWK Goodman.

“If the UK Government changes the data protection system in the UK, any business trading in the EU or the EEA or has plans to do so – and indeed any UK business that has European customers – will still need to comply with EU data protection regulations. Many will simply continue to adopt policies and processes that comply with EU regulations. 

“There is a very real risk, however, that if any new UK data protection regulations deviate too far from EU GDPR, the EU will revoke the UK’s adequacy decision. This will mean data cannot be transferred between the UK and the EU without first putting in place adequate safeguards for international data transfers, most likely additional agreements between the organisations where data is being transferred, creating barriers to free data flow to and from the EU.

“Additional red tape will be created which goes counter to the Government’s aims in introducing a new data protection regime.”