Compliance with new EU regulation could cause headache for online entities. Latham’s Gail Crawford reports
The European Commission (EC) has stated that the new European data privacy regime set out in the draft General Data Protection Regulation issued on 25 January 2012 will save businesses operating in Europe €2.3bn (£1.9bn) a year by introducing a uniform set of privacy rules throughout the European Economic Area (EEA). The EC cites additional cost savings of €130m (£109m) resulting from the abolition of the requirement to register data processing operations with national regulators.
