The document discusses the key aspects and requirements of the European Union's General Data Protection Regulation (GDPR) which takes effect in May 2018. It overviews the goals of the GDPR to give citizens control over their personal data and simplify regulations for international business. Some key points covered include territorial scope and application to non-EU organizations, data subject rights, security breach notification requirements, appointing a data protection officer, and strategies for implementing GDPR compliance.