Re:StreetLend.com shuts down, citing GDPR regulations
by tscs37 on Monday April 30, 2018 @12:50AM
(#16955825)
The grace period for the GDPR started in 2016 when it was adopted. Everyone had over 2 years to read and implement the GDPR.
All those concerns about the GDPR are, as far as I can tell, younger than a year, most of them even younger than a few months.
You had two years grace period.
Re:StreetLend.com shuts down, citing GDPR regulations
by hywel on Monday April 30, 2018 @03:38AM
(#16956561)
The ICO has a tiny staff and is already underfunded. The grace period is a pragmatic one not one enshrined in law!
Re:StreetLend.com shuts down, citing GDPR regulations
by x0x0 on Monday April 30, 2018 @03:11AM
(#16956432)
Except the lazy morons running the privacy orgs couldn't be arsed to give us final guidance until, well, mid April.
And that definitely includes the ICO. I mean, I understand it's a lot to expect to have final guidance on running a balancing test more than a month before the deadline, but I guess grace periods are just for the regulators.
Re:StreetLend.com shuts down, citing GDPR regulations
by lagadu on Monday April 30, 2018 @06:44AM
(#16957432)
GDPR was written in 2012, as an update of a 1995 law; it entered into effect in 2016 with a grace period lasting until this year.
If 6 years wasn't a long enough period for companies to prepare I submit that no amount of time would ever be.
> Steve Wood, ICO Deputy Commissioner: Will there be a grace period? No. You will not hear talk of grace periods from people at the ICO. That's not part of our regulatory strategy.