100 days to GDPR: The legislation that wealth managers say will have the biggest impact in 2018

Comes into force 25 May

Mike Sheen
clock • 2 min read

With 100 days remaining until General Data Protection Regulation (GDPR) comes into force, investment managers and wealth managers have ranked the European initiative as the most significant data regulation they face in 2018, according to City law firm Wedlake Bell.

GDPR, which will be effective on 25 May, aims to modernise data law and give consumers the right to know much more about how their information is used and stored. The introduction of GDPR will mean all firms will have to implement more stringent practices, ensuring data is better stored with adequate checks and processes in place to protect it. Research carried out by Wedlake Bell at the Financial Firms Fit for the 21st Century panel seminar, attended by UK wealth and investment managers, found GDPR was ranked as the most significant regulation in regards to drivers for change in the ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Industry questions where the blame lies for Woodford liquidity issues

Industry questions where the blame lies for Woodford liquidity issues

Reaction to FCA warning notice

Cristian Angeloni
clock 11 April 2024 • 3 min read
FCA to allow 'bundling' of investment research payments in regime overhaul

FCA to allow 'bundling' of investment research payments in regime overhaul

Response to Independent Research Review

Valeria Martinez
clock 10 April 2024 • 2 min read
FCA lays out 2024/25 fees and levies proposals with £755m planned spend

FCA lays out 2024/25 fees and levies proposals with £755m planned spend

To cover budget increase

Hope Coumbe
clock 09 April 2024 • 4 min read
Trustpilot