Business Challenge / Opportunity – „GDPR represents a single set of rules valid in all EU member state”

Radoslav Seidl, CEO

TREE RESOURCES SE global sourcing offer solution for the “Personal data protection / Regulation (EU) 2016/679 of the European Parliament and of the Council.

Quick introduction

The Regulation (EU) 2016/679) – General Data Protection Regulation (GDPR) is a regulation to strengthen and unify data protection for all individuals (natural persons) within the European Union (EU). GDPR also addresses the export (transfer, sharing) of personal data outside the EU.

The regulation becomes enforceable from 25 May 2018. The GDPR directive does not require any enabling legislation to be passed by national governments and is thus directly binding and applicable within whole EU.

The Regulation also applies to organizations based outside the European Union if they collect or process personal data of EU residents. According to the European Commission “personal data is any information relating to an individual, whether it relates to his or her private, professional or public life. It can be anything from a name, a home address, a photo, an email address, bank details, posts on social networking websites, medical information, or a computer’s IP address.”

Risks

The following sanctions can be imposed:

• a warning in writing in cases of first and non-intentional non-compliance,
• regular periodic data protection audits,
• a fine up to 10,000,000 EUR or up to 2% of the annual worldwide turnover of the preceding financial year in case of an enterprise, whichever is greater (Article 83, Paragraph 4),
• a fine up to 20,000,000 EUR or up to 4% of the annual worldwide turnover of the preceding financial year in case of an enterprise, whichever is greater (Article 83, Paragraph 5 & 6).

TRSE providing its expertise to enable Manufacturer to formulate long term sustainable market presence and positions of Manufacturer consumer products after sales procedure (warranty / non warranty) including all details (organizational, procedure, KPI, standards, logistic, financing) in the European Union common market (€16.5 trillion in 2016, representing 22.8% of nominal global GDP, total population over 507 million citizens in 28 countries). Please feel free to contact us for further details.

Keyword: GDPR, personal data protection, natural person personal data protection, natural person protection of privacy, cross-frontier data flow, data-processing law, access to information, data protection, disclosure of information, personal data, security and justice, data protection by design and by default, right to erasure, records of processing activities, limited right to erasure, right to be forgotten.