Europe has reached agreement on new Data Protection Regulation

After four years of negotiations, the EU Commission, Parliament, and Council have reached a final agreement on the General Data Protection Regulation (GDPR). The GDPR is an omnibus data protection law which sets arguably the most extensive data protection laws globally, along with strong enforcement authority. The new law contains many new provisions that move privacy protections forward and modernize those protections for consumers. Notable is the new Big Data privacy protection provisions. The law is going to be one of the longest EU statutes, with 91 articles.
Key links:
Background:
https://secure.edps.europa.eu/EDPSWEB/webdav/site/mySite/shared/Documents/EDPS/Publications/Speeches/2015/15-12-08_Truste_speech_EN.pdf
Regulation:
http://www.statewatch.org/news/2015/dec/eu-council-dp-reg-draft-final-compromise-15039-15.pdf
Directive:
http://www.statewatch.org/news/2015/dec/eu-council-dp-dir-leas-draft-final-compromise-15174-15.pdf