As the GDPR will come into force in May 2018, it will be in effect before the United Kingdom (UK) leaves the EU. The GDPR is an EU regulation and whilst the UK is a member of the EU, the GDPR will automatically come into force in the UK. The UK’s departure from the EU will not happen until two years after notice to leave under the now infamous “Article 50” has been given by the UK Government to the European Council.

As a result, the GDPR is set to come into force automatically in the UK on 25 May 2018, possibly almost 10 months before the UK is expected to leave the EU. So businesses and organisations in the UK should still prepare for the introduction of the GDPR, regardless of when Article 50 notice is given and expires. The UK’s Information Commissioner is planning for the GDPR’s introduction on time and will expect those in the UK subject to the GDPR to comply with its terms notwithstanding the outcome of the referendum.

Although the Isle of Man is not part of the EU, it has adopted legislation that is modelled on current EU data protection legislation to allow the Isle of Man to obtain a so-called “adequacy finding.” An adequacy finding means that the European Commission has deemed that the Island’s law ensures an adequate level of protection for personal data and this aids the transfer of personal data in and out of the Island to the European Economic Area.

PDF Version

Share
Twitter LinkedIn Email Save as PDF
More Publications
15 Nov 2022

Insurance and reinsurance in the Isle of Man: Overview

A Q&A guide to insurance and reinsurance in the Isle of Man. Reproduced from Practical Law with the ...

3 Nov 2022

Significant Judgment for Isle of Man Fund Managers

A rethink of exclusion clauses in fund agreements may be needed after the Isle of Man’s appeal cou...

Contributors: Garry Manley
25 Oct 2022

An update to Isle of Man Trust Law

In the week that the Trust and Trustees Bill 2022 goes for its second reading (25 October 2022), it ...

27 Sep 2022

Similar but Different

While the basic features of the trust remain, there are some notable differences in how trusts can b...

25 Jul 2022

Balancing Regulatory and Data Protection Compliance

This article considers data protection compliance in the context of financial services regulatory co...

Contributors: Claire Milne WS
30 Jun 2022

Getting into the Weeds: Isle of Man Regulation of Global Cannabis Investments

The global cannabis industry has grown rapidly in recent years as a number of jurisdictions have lib...

Contributors: Sophie Corkish
24 Feb 2022

Welcoming Fintech Innovation in the Isle of Man

The Isle of Man Financial Services Authority (IOMFSA) has published online support for fintech innov...

25 Nov 2021

Regulatory Approach to ESG across the Crown Dependencies

New requirements may require investment products to display a label reflecting their sustainability ...

25 Nov 2021

The International Comparative Legal Guide to Gambling 2022 – Isle of Man Chapter

This chapter was first published in The International Comparative Legal Guide to: Gambling 2022, by ...

Contributors: Sophie Corkish
30 Jul 2021

Fighting international fraud

First published in New Law Journal, July 2021. Appleby partners Anthony William and Jared Dann an...

Contributors: Jared Dann, Claire Corkish