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ADGM bolsters data protection support
December 21, 2017
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ABU DHABI: The Abu Dhabi Global Market (ADGM) Registration Authority has established an Office of Data Protection to carry out the administration of ADGM’s data protection regime.

The Office of Data Protection aims to foster a secure and trusted environment for both companies and individuals, in line with ADGM’s strategy to be a leading international financial centre that provides the most reliable services that are benchmarked against internationally recognised standards.

Data protection is the process of safe guarding an individual’s personal information. ADGM’s data protection regime, which is based on current international standards, applies to all companies operating in the free zone that collect and process personal data. It creates a balance between the individual’s privacy rights and the needs of organisations to utilise data for the purposes of conducting their business, including the sharing of personal data with third parties.

The Office of Data Protection, as the Data Protection Regulator for the ADGM, is responsible for providing guidance on data protection, administering the register of Data Controllers, monitoring and enforcing compliance, as well as assisting individuals with enquiries and/or complaints.

Coinciding with the establishment of the Office of Data Protection, the ADGM Registration Authority announced the release of a data protection microsite, which includes a package of updated and new information, guidance and tools on data protection that will assist both ADGM companies and individuals.

WAM

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