An article from: Eversheds International, June 17th 2016
“In the event of Brexit, an interesting possibility is that whilst maintaining appropriately high data protection standards to satisfy European and other demands, the ICO may have an improved ability to adopt a more flexible and risk based approach to policing and enforcing compliance in the UK, than may be adopted across the EU. This may make the UK an attractive base for businesses who would be able to meet the right data protection standards but potentially in a more business friendly way and with reduced risk of exposure to enforcement sanctions in practice.
That said, even if the UK remains in the EU, since the ICO was a driving force to apply risk based compliance as a key theme in GDPR negotiations, its enforcement is likely to follow that approach as much as possible, subject to any necessary adjustments for the consistency mechanism.” – Eversheds International, June 17th 2016
Whether you have 2 minutes to go over the speed read section or 5 minutes to take a look through the whole article, Eversheds have done a great job outlining the changes Brexit could (and now will) bring to the world of data protection regluations.
They make some great recommendations on how companies can say ahead of the game through the years of legal uncertainty ahead as the UK attempts to untangle 40 years of EU laws from its own. Eversheds also make some helpful predictions on which areas look set to stay the same and which will change most significantly in the months and years ahead.