UK virtual data room & fundraising terms.
Plain-English definitions of the terms UK founders, M&A advisors, accountants and solicitors run into when setting up a virtual data room, raising under SEIS/EIS, or running a transaction. No marketing fluff. Cited from UK GDPR, the ICO Data Sharing Code, HMRC SEIS guidance, and operational practice.
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Virtual Data Room (VDR)
A virtual data room (VDR) is a secure web application for sharing confidential business documents with external parties, with audit log, access controls, and legal-grade evidence of who opened what.
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NDA gate
An NDA gate is an in-product workflow that requires a viewer to accept a Non-Disclosure Agreement before being shown any documents, with cryptographically logged acceptance evidence.
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SEIS advance assurance
SEIS advance assurance is a non-binding HMRC letter confirming a UK company appears to qualify for the Seed Enterprise Investment Scheme, used by founders to de-risk angel-investor due diligence.
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UK GDPR
UK GDPR is the post-Brexit retained version of EU GDPR, supplemented by the Data Protection Act 2018, and enforced by the Information Commissioner's Office (ICO).
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Data residency
Data residency is the requirement that personal or commercial data is stored and processed within a specific legal jurisdiction (UK, EU, or another named region) and not transferred outside it.