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A survey of almost 900 members of the Institute of Directors shows that 30 per cent of them have not even heard of the General Data Protection Regulation, The Times reported this week. With the approaching deadline of 25 May 2018 for all organisations to comply with the new General Data Protection Regulation, NFDA continues to work very closely with its members to assist them in meeting the challenge of compliance. However, it is concerning to see that many organisations are still ‘unprepared’ for GDPR.
New General Data Protection Regulations apply to all organisations that control and process personal data. Failure to comply with GDPR can result in fines of up to €20 million or 4% of annual turnover for the most serious contraventions. To support its members, NFDA has already held three very successful workshops which saw a total of over 500 attendees engaging in the GDPR debate with NFDA legal partners. A fourth workshop, now fully booked, is lined up for 1 December.
Some of the crucial steps that must be part of organisations’ strategy for compliance include:
Preparing for GDPR compliance requires significant time and resources and having in place a successful GDPR implementation programme must be a critical priority for dealers to ensure that they can continue to use and share data. Over the past few months, the NFDA has been in contact with manufacturers and finance houses to request what steps they are taking and ensure that there is a co-ordinated industry approach.
Once again, we urge all our members to take GDPR very seriously and contact us if they need any further guidance on the issue.
Please contact the NFDA on 01788 538303 or email email@example.com if you need any clarifications or would like to receive the questionnaire and template letter which can be sent to manufacturers, suppliers, DMS providers, insurers and finance houses, to ask them how they use your data and ensure it is protected.
For further guidance and helpful information on the use of data and GDPR requirements, please visit the GDPR page on the NFDA website: http://www.nfda-uk.co.uk/policy/gdpr/ or the Information Commissioner’s Office (ICO) website https://ico.org.uk/.
On another note, if you receive emails from us, including the NFDA newsletter, to your personal email, rather than a business one, please let us know as soon as possible if you wish to continue to do so. Under the new GDPR, we must delete all personal email contacts unless we receive explicit permission from you to continue to use them.