On 30 September 2019 the Cayman Islands Data Protection Law (“DPL”) will come into force. The DPL sets out the rights of individuals to control their personal data and implements a system to protect against misuse. It broadly reflects the provisions of the EU General Data Protection Regulation (“GDPR”).
DMS is committed to ensuring that privacy is protected and it adheres strictly to the provisions of all relevant data protection legislation globally, including the GDPR and the DPL.
DMS’ intention is to be fully transparent about how it collects, uses, processes and ultimately protects personal data and has therefore updated its Privacy Policy which can be accessed here. The updates will take effect from 30 September 2019 and no further action is required by our clients and contacts, in order to benefit from the policy.
The DPL requires businesses that contract with a data processor to ensure that their contracts or arrangements for services contain certain contractual assurances. DMS will, in the provision of certain services to clients and to the extent it processes personal data, act as ‘data processor’ and has therefore produced a Data Processing Addendum which provides assurances to clients. The Addendum can be accessed here. To the extent you are receiving services from DMS, (with the exception of trust, banking, custody or liquidation services), and DMS acts as a data processor in the provision of those services, the Addendum will apply automatically from 30 September 2019.
Where DMS provides banking, custody, trustee or voluntary liquidation services, or where it accepts your personal information as part of an application for employment, it acts as a ‘data controller’ in its own right for the purposes of the DPL (and where relevant, other equivalent legislation) and the data processing addendum will not apply. To this extent DMS has adopted Privacy Notices, which can be accessed here and which will apply automatically where applicable from 30 September 2019.
If you have any questions about how DMS holds personal information, or about the contents of this email, or if you would like to be removed from our database, please contact DMS Compliance Europe dmscomplianceeurope@dmsgovernance.com.
If you would like to discuss compliance with the new data protection regime in the Cayman Islands, please contact your usual DMS representative.
Niall O’Dowd
Samantha Fletcher-Watts
The post Cayman Islands New Data Protection Law appeared first on DMS Governance.