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May 25, 2018

The EU’s General Data Protection Regulation comes into force

The entry into force of the GDPR also has considerable implications for financial institutions dom-iciled in Switzerland, particularly if they conduct cross-border activities. To ensure that the admin-istrative burden and cost of implementation are kept at an acceptable level, it is imperative that the requirements provided in the revised Swiss Federal Data Protection Act not go beyond those of the GDPR.