Simont Braun - Avocats advocaten lawyers

No Brexit for personal data? EU adequacy decision officially on track

Estimated time to read this article
2 min
Date of publication
19 February 2021
Author(s)
Joan Carette, Philippe De Prez, Jean-Christophe Vercauteren
Categories
Banking, Finance and Insurance, Data protection and privacy, Digital Finance and FinTech

On 19 February 2021, the EU Commission published its draft adequacy decision allowing personal data transfers from the EU to the UK under the GDPR. It is a welcome new development in the Brexit saga.

To become final, the decision must receive i) the opinion from the European Data Protection Board (the so-called EDPB) on the adequacy of the level of protection and ii) the green light from a committee of representatives of the EU Member States.

The EDPB opinion is not binding as such, but the Commission is likely to consider it to provide further details on the adequacy findings.

Once adopted, this decision will allow businesses to keep transferring personal data from the EU to the UK under the same rules as before Brexit.

The decision will replace the current interim Bridge agreed between the EU and the UK in the Brexit deal allowing companies to continue transferring personal data to the UK until 30 June 2021.

Once adopted, the adequacy decision will be re-examined at intervals of a maximum of four years to ensure that the UK rules do not hinder EU citizens’ privacy.

The draft decision is available here.

***

Do not hesitate to contact Simont Braun’s Digital Finance Team for any question:
digitalfinance@simontbraun.eu – +32 (0)2 543 70 80