Will GDPR lighten the load for SMEs?

At a recent Center for Strategic & International Studies event, EU Commissioner Michael McGrath is quoted as saying “GDPR will feature in a future omnibus package [of simplification measures], particularly around the recordkeeping for SMEs and other small and medium-sized organizations with less than 500 people.

So we will be examining what ways in which we can ease the burden on smaller organizations in relation to the retention of records while at the same time preserving the underlying core objective of our GDPR regime.”

This is an interesting development and one which will surely be keenly followed by small businesses processing information under GDPR.

The transcript of the event can be found here.

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