Overseas business organisations either supplying goods and services to individual consumers in the EU or identifying and monitoring their behaviour, either directly or indirectly within the EU come under the ambit of this regulation. The organisations may or may not have any physical presence in the EU.
Singapore is the largest trading partner of the EU in ASEAN and many organisations in Singapore come under the jurisdiction of EU GDPR.
No, because the two regulatory regimes namely GDPR and PDPA spell out different sets of requirements, Singapore data protection compliance does not necessarily mean the organisation complies with the EU GDPR. While there are exemptions given to public agencies and their agents, employees, or individuals acting in a personal capacity in PDPA, there is no such waivers in GDPR and applies to everyone equally.
The revised and more detailed Singapore data protection compliance regulation enacted by the Singapore government on 1st February 2021 is however a more streamlined and converged approach towards the European regulation on data protection almost resembling the six legal bases for personal data processing specified in GDPR. The recent amendments incorporated in Singapore data protection compliance requirements include
There are guidelines provided by the European regulators for being compliant with the EU GDPR with references to specific online resources on the regulatory requirements. Business organisations can use this link for necessary GDPR compliance in Singapore. Legal help and advice may also be sought whenever needed.
The key requirements for EU GDPR have been highlighted in the factsheet pdpc issued by the PDPC and can be used by businesses in Singapore as an organizational database.
For GDPR compliance in Singapore, business organisations need to do the following
In contrast to Singapore data protection compliance the penalties for GDPR non-compliance apply equally to business organisations and individuals. Besides huge penalties, any violation in GDPR compliance also damages the organizational reputation and adversely impacts the customer base and future growth prospects.
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© 2024 IMC Group. All Rights Reserved.
© 2024 IMC Group. All Rights Reserved.
