👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

EU states back personal data flows with ex-member Britain

Published 17/06/2021, 17:20
© Reuters. FILE PHOTO: British and European Union flags are seen ahead of a meeting of European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, in Brussels, Belgium December 9, 2020. Olivier Hoslet/Pool via REUTERS/File Photo

BRUSSELS (Reuters) - European Union member states have agreed that British standards for the protection of personal data are sufficently high that such information can continue to flow between the EU and its former member, the European Commission said on Thursday.

Their backing will allow the Commission to adopt two adequacy decisions before the end of June to allow a seamless transition at the end of a six-month grace period during which flows were allowed after Britain's final exit from the bloc.

The decisions relate to the EU's overarching General Data Protection Regulation (GDPR) and to a directive on the processing of personal data connected with criminal offences, particularly for victims, witnesses and suspects.

Global software alliance BSA said it welcomed the EU member states' endorsement, commenting that adequacy frameworks were pivotal for personal data transfers of thousands of businesses operating in Europe.

The EU has previously recognised as adequate the data standards of other countries, such as Argentina, Canada, Israel, Japan, New Zealand and Switzerland.

© Reuters. FILE PHOTO: Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration

Georgina Kon, technology specialist partner at law firm Linklaters, said businesses could breathe a sigh of relief.

"However, due to the uniqueness of the UK decision (which has no end-date but is subject to constant review), we know that the European Commission will be watching the UK closely," she said, adding it would particularly watch Britain's planned liberalisation of its data transfer regime.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.