Monday, June 07, 2021

European Commission adopts new tools for safe exchanges of personal data

4 June 2021, The European Commission adopted two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries

They reflect new requirements under the General Data Protection Regulation (GDPR) and take into account the Schrems II judgement of the Court of Justice, ensuring a high level of data protection for citizens. These new tools will offer more legal predictability to European businesses and help, in particular, SMEs to ensure compliance with requirements for safe data transfers, while allowing data to move freely across borders, without legal barriers.

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EU: The Economic and Monetary Affairs Committee on June 23 adopted its position on the single currency package

The digital euro would offer citizens and businesses a private, secure and innovative way to pay, while reducing reliance on non-EU provider...