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A Comprehensive Guide to Understanding GDPR for Property Investors
In this episode, Nick delves into the intricacies of the General Data Protection Regulation (GDPR), a comprehensive data privacy law that has been in effect since May 25, 2018. He discusses the core principles of GDPR, including lawfulness, fairness, transparency, purpose limitation, data minimisation, accuracy, storage limitation, integrity, confidentiality, and accountability. Nick emphasises the importance of compliance for businesses, particularly those in the property sector, and outlines the legal obligations, individual rights, and potential penalties for non-compliance.
KEY TAKEAWAYS…
The skinny
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