Sheikh Mohammed enacts new DIFC Data Protection Law – Gulf Today

Sheikh Mohammed enacts new DIFC Data Protection Law – Gulf Today

General fines for serious breaches of the Data Protection Law, in addition to or instead of administrative fines, as well as increased maximum fine limits, have been introduced.. By setting out the regulation, DIFC also sets a clear requirement for all organisations to follow global best practice relating to data and privacy.. "It demonstrates our position as a forward thinking international financial hub shaping the future of finance across the region and enables us to further consolidate the Centre's reputation as a leading global financial centre.". In light of the current global pandemic, while the Data Protection Law will be effective from 1 July 2020, businesses to which it applies will have a grace period of three months, until 1 October 2020, to prepare to comply with it, after which it becomes enforceable..