FSB has backed Government plans for a shared approach to data protection as the UK goes through the process of exiting the EU.
“Research from FSB shows that data protection is definitely on the minds of small business owners, with almost 60 per cent of members ranking data protection laws as a significant regulation they have to deal with,” said Martin McTague, FSB
“Many of these small businesses will be relieved that Government is trying to avoid a regulatory no-man’s-land by committing to keeping harmonised data protection standards. I believe that this is a common-sense approach that will allow smaller firms to continue preparing for the introduction of the General Data Protection Regulations (GDPR) next spring.
“In the longer term, small businesses recognise the opportunities that Brexit presents and the possibility of reforming data protection regulation so that it is flexible but still allows the flow of data across borders.”
Many small firms remain unaware of what they will be expected to do under GDPR rules, he warned. “There is a clear and present danger that companies could inadvertently face a fine if action is not taken to provide support and guidance to help them properly prepare for data protection changes,” he said.