Advice from: Osbourne Clarke, June 24th 2016
“The data protection and privacy regime is liable to significant change as a result of the vote to leave the EU. The three most important things to consider in relation to data protection and privacy on the UK’s exit from the EU are that:
- The free-flow data between the UK and the EU will likely require the UK to either join EFTA or be confirmed as an “adequate” jurisdiction by the European Commission.
- Whether or not UK business should continue to align their operations and processes with the EU General Data Protection Regulation will need careful consideration.
- Dependent on these issues, UK businesses with significant cross-border transfers of personal data with the EU will need to pay close attention to how they achieve on-going compliance with EU laws in this area.” – Osbourne Clarke, June 24th 2016
Simple, clear-cut, to the point. This fantastic article from the team at Osbourne Clarke has some great advice on what to expect now we’re on the road out of Europe.
They also break down the different Brexit scenarios and how each one could impact on data protection drives both across Europe and globally which have fed the move toward GDPR.
Their advice isn’t just relevant to the larger companies with EU offices who transfer data regularly; what many do not realise is that GDPR affects everyone who stores or uses data in any sense, whether they deal with the EU or not. As such, preparation is essential and the consequences for those who don’t will be severe.