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HFA
July 25, 2018  

REGULATORY ROUNDUP

GDPR — EUThe European Union’s new data-protection protocols, which took effect May 25, are translating to higher costs for hedge fund managers.The General Data Protection Regulation, or GDPR, requires all businesses operating in Europe to keep a tight lid on client data. The penalties for noncompliance are stiff: up to 4% of a firm’s annual revenue.Under the new rules, fund operators must let investors know exactly what client...


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