 Hi, my name is Robert. I'm coming to you from Switzerland and DASA asked me to prepare an overview of the EU's General Data Protection Regulation GDPR that goes live on May 25th. GDPR was created to protect the fundamental rights and freedoms of natural persons, in particular their right to the protection of personal data. While GDPR only explicitly protects EU residents, every organization collecting data in the EU will be expected to comply and so the impact is really quite broad. We can think of GDPR's effects in two primary categories. On the one hand, the rights, it grants to the owners of personal data known as data subjects. And on the other hand, the new requirements for those entities collecting and processing personal data. Every EU resident will be granted rights that effectively increase their ownership over personal data. These rights include things like accessing, amending and erasing personal data, having the right to portability, which means having data stored in a machine readable format, not being subjected to automated decision making. This includes hiring practices, but also the content people are shown, and having the ability to lodge a complaint and receive judicial remedy, which we'll get to at the end. In order to collect personal data, consent is generally going to be required, and this consent takes a particular form. It must be for a specific purpose and any data collection must be limited to that purpose. It must be requested in plain language, it must be easy to withdraw and given freely, and it must lay out the nature, scope and purpose of processing, as well as the data subjects rights. Entities working with personal data will be expected to provide data protection by design and by default. This means things like securing data appropriately and communicating breaches both to data subjects and to regulators, but also doing things like impact assessments before collecting data, keeping a record of processing activities and nominating a data protection officer. If an entity is located outside of the EU, they'll be expected to nominate an EU representative. In order to enforce GDPR and also in order to provide guidance, supervisory authorities will be created in each member state of the EU, and they'll be responsible for providing expertise, for providing codes of conduct, best practices and so on, but also for levying fines. The fines are set at a maximum of 24 million US dollars or 4% of the violators global total turnover, whichever number is highest. I'd be happy to take questions either by email or I should be calling into this meeting and I'm grateful for the opportunity to speak to you. I hope it was helpful. Thanks.