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The correct response is based on the full meaning of the acronym GDPR, which stands for General Data Protection Regulation. This regulation, enacted by the European Union in 2018, was designed to enhance individuals' control and rights over their personal data, while simplifying the regulatory environment for international business. It aims to protect the privacy and personal data of EU citizens and residents, establishing guidelines for the collection and processing of personal information.

Other options describe various aspects of data privacy and regulation but do not accurately reflect the specific terminology established in the legal framework of the GDPR. For instance, while "Global Data Privacy Regulation" suggests a broad global perspective, the GDPR specifically pertains to the European Union. The term "Generic Data Protection Rights" implies a generality that does not capture the regulatory framework's specific and structured approach. Lastly, "Guidelines for Data Protection Regulations" does not encapsulate the binding nature of the GDPR as it sets forth concrete regulations rather than merely guidelines.