Cost concerns over data regulation implementation
CONCERNS over the cost implications of applying new data protection regulation and how much extra bureaucracy it could lead to were raised in the States yesterday.
Heidi Soulsby was commenting during debate on Home Affairs' proposals on the EU General Data Protection Regulation (GDPR).
The committee sought backing to begin work on legislation that would echo the law locally, and president Mary Lowe said that it was important to show that the Bailiwick was a jurisdiction which provided adequate data protection.
She said that workshops will be held for States members to help them understand it.
The law will mean that Bailiwick citizens get the same privacy rights as EU citizens, as well as making sure that the free flow of data into and out of the islands from EU member states can continue.
There are also requirements on companies to report any hacking of their network or face hefty fines, take better care of personal data and to have a data protection officer.
'I support it rather reluctantly,' said Deputy Soulsby.
She said it was clear that there was little choice in the matter if the island wanted to carry on being an international finance centre.
While she could see a benefit in creating a well-regulated, compliant jurisdiction – albeit at a cost – she could not see how it would benefit anybody else.
