The European Commission is expected to decide this week which information security standards are high enough in the UK to allow private information transfers between the united kingdom and the EU to last.
The adequacy evaluation has enormous significance for companies operating across the united kingdom and the EU. It’s brought particularly fantastic interest on account of this striking down of 2 successive EU-US data transfer arrangements from the Court of Justice of the European Union (CJEU).
Data transfers between the united kingdom and the EU are now regulated by an interim data arrangement which expires in the end of June 2021. This was created during the Brexit procedure to give plenty of time for the adequacy evaluation to happen.
The Financial Times reports it has witnessed a draft adequacy choice that’s anticipated to be accepted by the European Commission this past week. It is going to then be scrutinised from the European Data Protection Board, which doesn’t have veto powers.
On the other hand, the arrangement could be evaluated every four decades and may likewise be subject to lawsuit, as has occurred with all the EU-US agreements.
Solicitor and information security pro Simon McGarr, that had been among the panellists within an Irish Legal News webinar on information security last summer, tweeted:”Enormous news, likely to stand up.”