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EU General Data Protection Regulation: Is The U.S. Funds Industry Ready?  

Author:  Gretchen Scott.

Source: Volume 51, Number 14, August 15 2018 , pp.167-172(6)

Review of Securities & Commodities Regulation

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Businesses in the U.S. funds industry that target European investors are now subject to the GDPR. The regulation can apply even if the fund’s structure is located outside the EU and personal data are stored outside the EU. The author discusses GDPR’s coverage and requirements, and lays out a series of “next steps” for businesses to address compliance.

Keywords: “Establishment” Test; Controller or Processor; Data Transfer Mechanisms; Data Breach Procedures

Affiliations:  1: Goodwin Procter LLP.

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