Which of the following is an example of a recent policy and regulatory change?

The General Data Protection Regulation (GDPR), enacted in 2018, serves as a pivotal example of a recent policy and regulatory change. This regulation was designed to enhance individuals’ control over their personal data within the European Union and the European Economic Area, mandating strong data protection and privacy standards for organizations handling personal data. GDPR established numerous principles and requirements for businesses, such as obtaining explicit consent to process personal data, allowing individuals to access their data, and imposing strict penalties for non-compliance.

The regulatory framework introduced by GDPR had widespread implications across various sectors, forcing businesses to reassess their data handling practices and implement necessary changes to meet the new compliance demands. This landmark legislation significantly transformed how data privacy is perceived and managed, illustrating its relevance as a timely and impactful regulatory change in the context of business administration.

In contrast, the other options represent policies that, while significant, were enacted prior to the time frame indicated in the question, making them less relevant as examples of recent changes.