I am no legal expert and therefore it would be wrong to give you advice, however I would suggest you investigate how the new regulations will effect your business.
A quick google search will probably give you a vast range of source of advice and guidance. Here are a few to get you started...
I don't want to leave you concerned and worried so I suggest you watch the video below - it will leave you happy and amused and maybe better understand why these new regulations are been introduced!
Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?