The General Data Protection Regulation (GDPR)


Crowd for Angels (UK) Limited (crowdforangels.com) is committed to protecting your privacy. The General Data Protection Regulation (GDPR) is a privacy law affecting the European Union (EU). The following outlines the efforts of crowdforangels.com to become compliant with the GDPR by the regulation deadline of May 25, 2018.

GDPR basics

What is the GDPR?

The General Data Protection Regulation (GDPR) is a new privacy legislation that replaces the EU Data Protection Directive (Directive 95/46/EC) within the European Union. The GDPR regulates the collection, use, transfer, and sharing of personal data with the key purpose of protecting it.

Who does the GDPR affect?

The GDPR affects companies processing the personal data of individuals residing in the European Union, regardless of a company’s location. It applies not only to organisations located within the EU, but also to organisations located outside of the EU if they offer goods or services to or monitor the behavior of EU residents and/or citizens.

How will the GDPR affect businesses?

The GDPR requires organisations to be transparent on how personal data is collected, used, and stored. This requires transparency from organisations on what personal data is collected, purposes for which it is collected, and who it is shared with. It also requires companies to enable individuals whose personal data is being processed to exercise their rights in relation to their data. The GDPR also requires companies to ensure appropriate protections when EU personal data is transferred outside the EU (including transfers to the US).

What new user rights does GDPR regulate?

  • Right to Access. EU residents and citizens (or “Data Subjects,” as they are called in the regulation) have the right to obtain confirmation from the organisation that has collected their data as to whether their personal data is being processed, where, and for what purpose. They also currently have (and will continue to have under the GDPR) the right to receive a copy of this personal data.
  • Right to Be Forgotten (or Data Erasure). Data Subjects can demand that the organisations erase their personal data and cease further dissemination of the data.
  • Data Portability. Data Subjects can receive the personal data concerning them (which they have previously provided) in a machine-readable format and have the right to transmit that data to another organisation.

Why is it so important for businesses to be compliant?

The GDPR is a regulation that requires businesses to protect the personal data and privacy of EU persons and for transactions that occur within EU member states. And non-compliance could cost companies up to €20 million or 4% of their global annual turnover, whichever is greater.

What changes is crowdforangels.com making for the GDPR?

Crowdforangels.com has made the following changes to become compliant with the GDPR:

  • Support for Data Subject Deletion/Access Rights for customers
  • Updated, GDPR-compliant privacy framework
  • The pseudonymisation and encryption of personal data

Risk Warning

Investing in small public listed or private companies involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Investing in debt pitches through Crowd for Angels (UK) Limited involves lending to companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. Crowd for Angels is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own Investment Decisions. You will only be able to invest via Crowd for Angels once you are authorised. Please click here to read the full Risk Warning.

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