European Data Protection: A Review of the New Regulatory Framework

Liam Russell, General Counsel, Chartered Insurance Institute, UK
Claire Walsh, Partner, Cannings Connolly, UK

With less than two years to go until the implementation of the General Data Protection Regulation, in the next in a series of articles on data privacy, Claire Walsh and Liam Russell will guide you through the key elements of the new European regulatory framework. OVERVIEW OF THE GENERAL DATA PROTECTION REGULATION (GDPR) The new framework for European data protection regulation is contained in Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (the General Data Protection Regulation or GDPR). The GDPR recognises that the protection of individuals in relation to the processing of personal data is a fundamental right ; that the economic and social integration resulting from the functioning of the internal market has led to a substantial increase in cross-border flows of personal data ; that rapid technological developments and globalisation have meant that the scale of the collection and sharing of personal data has increased significantly ; and that a stronger and more coherent data protection framework is required, backed by strong enforcement, that is consistent across member countries . The GDPR repeals the existing European Union Directive on data protection in its entirety and will be directly effective in the member states of the European Union from 25 May 2018 without the need for implementing legislation.

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United Kingdom Data Protection Insurance December 2016 Vol.10, No. 37, Autumn 2016

Liam Russell

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Liam Russell is the General Counsel of the Chartered Insurance Institute. Prior to joining the CII, Liam was a banking litigator in the Financial Services Disputes and Investigations team at Eversheds LLP.

Claire Walsh

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Claire Walsh is a Partner in the Corporate, Technology and Banking and Finance team at Cannings Connolly. Prior to joining the firm in April 2016, Claire was Deputy General Counsel and General Counsel- International at Liquidity Services (NASDAQ: LQDT).

Chartered Insurance Institute

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As the premier professional body for the insurance and financial planning professions, the Chartered Insurance Institute (CII) promotes higher standards of integrity, technical competence and business capability. With over 120,000 members in more than 150 countries, the CII is the world's largest professional body dedicated to these sectors.

United Kingdom Data Protection Insurance December 2016 Vol.10, No. 37, Autumn 2016