Data Management Flashcards
What does GDPR stand for?
General Data Protection Regulation.
Came into force in May 2018 and represents the largest change in Data Protection law across the EU. Main aim is empowering individuals to take control of their personal information.
What do the key requirements of GDPR include?
- Access for individuals to have personal data removed.
- Firms must have a GDPR Officer
*Strict Rules and fines in place. Fines to up to 4% global turnover of the company or £17.5 million (whichever is greater).
Principles of UK GDPR
- Processed lawfully, fairly and in transparent manner
- collected for legitimate reasons
- Accurate and kept up to date.
- Consented
What are the 8 Individual Rights under GDPR?
*Right to be informed
*Right of access
*Right to rectification
*Right to erasure
*Right to restrict processing
*Right to data portability
*Right to object
*Rights to automated decision making and profiling.
What is the key legislation in place for Data Management?
General Data Protection Regulations (2016)
Data Protection Act (2018)
How does your firm keep data safe from corruption?
*Backups off site
*Password protection
*Use of anti-virus software
*Firewall
What is the freedom of information Act 2000
Give individuals the right to request information from public bodies.
Public body is required to present the data within 20 working days.
What is a deed?
A legal document made under seal. For land not registered with land registry.
How did you ensure the accuracy of the lease information when extracting key deetails
I carefully reviewed the lease documents, cross checking key details such entry, rent review break options etc. I also liaised with the client’s solicitors to clarify any discrepancies and a second review was conducted by my colleague within the system workflow.
