Data equivalence brexit

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data equivalence brexit 9 Jan 2020 The free flow of personal data across borders between the EU has been a standard Brexit will however impact these arrangements. Equivalence in the financial sector will most probably be a major tool for regulating interactions with third countries but will not replicate the benefits of Single Market membership. 2020 4 min read. 4 . Among the Nov 12, 2020 · A lack of equivalence from an EU perspective will impact any EU 27 market participant performing the threshold calculation. In the non-binding Political Declaration that accompanied the Withdrawal Agreement, the UK and the EU committed, in relation to their respective financial services regulatory frameworks, to “start assessing equivalence with respect to each other under these frameworks as soon as May 29, 2020 · The ongoing Brexit negotiations on the future relationship will have a major impact on customers, businesses and citizens on both sides of the Channel. Given the potential for upheaval caused by Brexit across a whole range of areas which are based, directly or indirectly, on EU law, it is encouraging to be given an indication that the UK is leaning towards a strategy of stability and equivalence in the field of data protection. But to what extent the EU equivalence regime can alleviate the loss of passport rights for UK firms? Overall, Brexit will have a huge effect on many businesses; not just in the UK and EU, but around the world. It avoids the disruption of a no-deal Brexit No-Deal Brexit: Personal Data Transfers from the EU to the UK. 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what's the position on data transfers as from 1 January 2021… As the two sides continue to struggle to reach a separate trade agreement for when the post-Brexit transition ends on Dec. Dec 14, 2020 · The U. Similarly, politicians are unreliable. Read it if you have detailed questions not answered in our other resources, or if you need a deeper understanding of data protection law and how it will change if we do not have adequacy at the end of the transition period. 2 Delegated Acts and stresses concerns about timing of equivalence decisions Dec 09, 2020 · Equivalence would allow the financial services sector to have unfettered access to Europe post-Brexit and is only given if the EU deems that the UK’s regulations are comparable to the bloc’s. Aug 06, 2019 · Warwick Business School research has found evidence that "Remainers" suffered "mental distress" in the aftermath of the UK's vote to leave the European Union—equivalent to a chronic migraine. Less clear is the fate of data flows beyond Europe, given that the UK will also no longer be party to a web of agreements governing transfers between the EU and other major jurisdictions around the world. Dec 24, 2020 · Software & Data Services and the European Union have agreed a trade deal to replace current arrangements which end on New Year's Eve when the Brexit process is completed. The financial services sector has the biggest trade surplus of any industry in the U. 9 Dec 2020 Brexit – CSD Temporary Equivalence and Settlement Finality: Update. 6 trillion, have left London since the 2016 vote, according to accountants EY. There is a lot more of this match to go, and the result is not clear Last modified on Wed 30 Dec 2020 23. I have invested in European UCITS, will Brexit affect my ability to hold them? 3 . About 10,000 new or existing financial jobs and £1. While he can claim to have taken back Nov 12, 2020 · A lack of equivalence from an EU perspective will impact any EU 27 market participant performing the threshold calculation. Dec 27, 2019 · Brexit: EU chief says 2020 trade talks deadline may need to be extended EU chiefs will threaten to block access unless both sides agree on two key issues - equivalence in financial services Dec 27, 2020 · LONDON (BLOOMBERG) - UK Chancellor of the Exchequer Rishi Sunak said the trade deal reached with the European Union should reassure people worried about the economic damage of Brexit and can be an 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what's the position on data transfers as from 1 January 2021… Summary of Data Protection Provisions under the new (December 2020) Brexit Treaty (“Treaty”) The Story so Far There is no point in having stringent rules protecting personal data in one country where that country then allows “export” of that data to another country with less protection. 18 Mar 2020 The UK's key appeal for this 'essential equivalence' rests on the fact that two of its key pillars of data legislation were developed in tandem with  14 Jul 2020 The EU's equivalence regimes are set out in existing financial services legislation . See our previous LawFlash on the implications of Brexit for data privacy. Dec 23, 2020 · Nicola Sturgeon was accused of being “oblivious to the irony” of planning an independence referendum while calling for an extension to the Brexit transition period by the Scottish Liberal 1 day ago · Brexit. Last-minute negotiations are in process to determine a trade deal between the two entities and whether or not the UK will be regarded as an Dec 23, 2020 · Equivalence is up to interpretation and is not a substitute for a formal agreement, but for continuity it's better than nothing. Post-Brexit, the Senate Race, and Economic Data in Focus "This agreement doesn't include any elements pertaining to equivalence Dec 24, 2020 · U. Exactly four weeks before Britain leaves the EU's single market following Brexit, it is still unclear how much access it will retain to the bloc's data from security tools used in everything from The representative obligation — now and post-Brexit. Since then he has led on economic policy covering the UK’s industrial strategy, R&D policy, digital adoption and UK data policy. Dec 23, 2019 · FIA welcomes and appreciates the work of European Commission Executive Vice President Valdis Dombrovskis and his staff on their recent announcement of a one-year equivalence determination in the case of a no-deal Brexit for UK CCPs, which was published today in the Official Journal of the European Union. Jan 29, 2020 · ‘Voices of Brexit’ – the UK financial CEO “Securing an ‘outcome-based’ equivalence of rules… would be a step in the right direction,” she added. Mar 25, 2019 · In many ways, the General Data Protection Regulation (GDPR) represents the EU’s entire visionary future: a set of rules governing all Member States in a unified framework that facilitates ever closer operation. This guidance explains data protection at the end of the Brexit transition period in more detail. A new – more restricted – equivalence decision was put in place by the EU shortly after this. and EU, a Brexit deal has been struck just days before Britain’s official separation from the bloc at the end of the Dec 27, 2020 · Under a system known as equivalence, access to EU markets will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be "equivalent", or as robust as regulations in the bloc. 6BN, says think tank · An error has occurred. This briefing explains what the decision means, and also gives an update on the implementation of Recital 7 of the Settlement Finality Directive into Irish law post-Brexit. Financial Services analysis: Michaela Walker, Andrew Henderson, Ronald Paterson and Julian Brown, partners at Eversheds Sutherland, analyse the White Paper published by the UK government on 12 July 2018 setting out its vision for the future relationship between the UK and the EU, and consider what the government’s proposals for an enhanced equivalence regime could mean for Oct 08, 2020 · Stimulus check update: $600 checks will hit some bank accounts Tuesday night, says the Treasury An equivalence regime is a unilateral mechanism where one trading partner A recognises as equivalent the standards (and their enforcement) of trading partner B. The Agreement sets out the terms on which the EU and UK will trade following the end of the implementation period at 11 p. Data protection is unlikely to be foremost in people’s minds when considering the impact of Brexit, whether it be soft or hard, deal or no deal. 1% of GDP, or 2. Brexit and the coronavirus are not new challenges for fintechs. Last week, the FCA announced that aspects of MIFID II such as the pre trade transparency rules may be relaxed in the absence of reciprocity. Dec 24, 2020 · A post-Brexit agreement on trade and other issues has been agreed, just a week before the transition period between the UK and the EU comes to an end. In this blog, we look at what you need to know about this position and how you can find Dec 29, 2020 · But the equivalence arrangement will be problematic for that most vital of UK exports, the financial services industry. Equivalence is a legal concept that has emerged over the past 30 years to facilitate cross border trading between markets that choose to recognise one another’s standards. 8%. ET Sep 05, 2016 · Data protection officer: Most organisations handling personal data, both data controllers and data processors, will require a data protection officer who will have a key role in ensuring Update (10 September 2019): We have refocused our data protection guidance for a no-deal Brexit so that it better addresses the needs of small organisations. Notably, there is still much uncertainty when it comes to transferring personal data into and out of the country. However, the running theme throughout all of these discussions has  Brexit, data protection and the end of the transition period…key steps to consider now. 31, 2020, financial companies worry that equivalence decisions have been The Data Protection Commission ('DPC') published, on 14 December 2020, guidance on transfers of personal data from Ireland to the UK from 11pm on 31 December 2020, which signifies the end of the transition period of the UK's exit from the European Union. Legal Framework UK data protection la 15 hours ago · Read more on how equivalence affects post-Brexit banking Britain will change its rules to attract issuers and investors to the U. Dec 28, 2020 · A simple guide: 10 things to know about the Brexit deal. 14 Oct 2020 The City of London's status as a global financial hub still rests on an obscure process controlled by politicians in Brussels known as “equivalence. The free flow of personal data from the EU to the UK could face tighter restrictions. executives have highlighted no equivalence or limited equivalence with  20 Jan 2020 Brexit – UK Adequacy Decision Update "Personal data protection (adequacy decisions); Cooperation and equivalence in financial services",  12 Mar 2020 Crime, Security, and Data Adequacy in the UK: The Next Sting in the requirement of essential equivalence with data protection in EU law. K Dec 14, 2020 · The European Commission's recent temporary equivalence decision is good news for the settlement of Irish securities, and an important step towards minimising disruption to the Irish capital markets when the Brexit transition period ends on 31 December 2020. Let’s consider some of these topics further. The existing EU Biocidal Products Regulation (EU BPR) has been copied into GB law and amended to enable it to operate effectively in GB. Associations send letter to Commission on DTO equivalence Statement for more information on our use of cookies and personal data. Oct 20, 2020 · Brexit: Will the UK and the EU co-operate on security? the EU is highly unlikely to agree the UK has equivalent standards to EU rules on data protection. From fishing quotas and free movement to mobile roaming charges and pet passports – much will change on January 1. An equivalence regime is a unilateral mechanism where one trading partner A recognises as equivalent the standards (and their enforcement) of trading partner B. When the UK leaves the EU, it will implement the GDPR directly into domestic law through the European Union (Withdrawal) Act 2018, resulting in the UK having equivalent data privacy laws compared to the remaining EU member states. It says the government must push for these assessments to be concluded as soon as possible, to give businesses in the UK and EU legal certainty and time to Put simply, your data isn’t somewhere over the rainbow, but it may be in Kansas – unless you’re a UK organisation, in which case it’s probably in an industrial park in Krakow. , which could allow Brussels to impose punitive tariffs on British industries if London This guidance explains data protection at the end of the transition period for leaving the EU in more detail. This isn’t solely the case in Brexit negotiations — the EU and the US clashed over access discussions for four years and Switzerland saw its equivalence fall away as Bern and Brussels were in a dispute over wider political issues. If in that negotiation we get equivalence or passporting, then that’s great. Read it if you have detailed questions not answered in our other resources, or if you need a deeper understanding of data protection law and how it  Why UK oganisations need to prepare for a no-deal Brexit. Brexit Dec 01, 2020 · The hugely disruptive effects of a no Free Trade Deal Brexit on top of COVID-19 mean all parties are highly motivated to reach a deal on time. The UK left the EU on January 31, 2020. 11. Under the Withdrawal Agreement reached between the EU and UK, the EU legislation will continue to apply in the UK during the transition period that is due to last until 31 December 2020. 25 Feb 2020 where the opportunities lie for divergence in financial regulation after Brexit. The UK then formally left the EU on 31 January 2020, when the withdrawal agreement entered into force. 36 EST It is hard to imagine a better Dec 13, 2020 · LONDON: Britain's financial sector is watching nervously as the prospect mounts of a "no-deal" Brexit, stoking fears of lost clients and influence in key areas, as well as market turbulence. Brexit & data protection. on regulatory equivalence for Put simply, your data isn’t somewhere over the rainbow, but it may be in Kansas – unless you’re a UK organisation, in which case it’s probably in an industrial park in Krakow. With the dust barely settling since the General Data Protection Regulation came into force, our data protection antennae are back on red alert in respect to the issue of data transfers in a post-Brexit world. 5% of GDP. McGuinness was this week visiting India “to highlight the fundamental strengths of London and the UK’s financial sector”, the City of London Corporation said. Equivalence applies in clearing, notably in the huge derivatives Dec 28, 2020 · Neil joined techUK in 2019 to lead on techUK’s response to Brexit and the UK-EU trade negotiations as well as working on techUK’s economic policy. 63 If the EU wants to restrict certain EU markets to be accessed by UK Dec 13, 2020 · LONDON, Dec 13 — Britain’s financial sector is watching nervously as the prospect mounts of a “no-deal” Brexit, stoking fears of lost clients and influence in key areas, as well as market turbulence. One suggested alternative is to use the equivalence regime under which the European Commission can recognise that the regulatory or supervisory regime of certain non-EU countries is equivalent to the corresponding EU framework. Dec 07, 2020 · Whilst Brexit undoubtedly has implications for many aspects of the relationship that Guernsey and Jersey have with the EU, its effect differs from that in the UK. The United Kingdom has left the European Union on 31 January 2020. Economic Data Puts the Pound in the Spotlight, with Brexit Chatter also in Focus It’s a busier day on the economic calendar that puts the Pound in focus. Fish The Brexit trade deal contains a five-and-a-half year transition period for fisheries, during which British fleets will see an uplift equal to 25% of the catch Apr 18, 2017 · A recent report by the Financial Times, using data from the Financial Conduct Authority, found that there are 5,500 firms registered in the UK using passports to access the European market. Jan 01, 2021 · The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today announced that the three central counterparties (CCPs) established in the United Kingdom (UK) – ICE Clear Europe Limited, LCH Limited, and LME Clear Limited – will be recognised as third country CCPs (TC-CCPs) eligible to provide their services in the EU, after the end of the Jun 30, 2020 · Brexit row explodes as UK accuses Brussels of dragging its feet over key business decision BRITAIN has accused Brussels of dragging its feet in talks to ensure future access to the EU's financial Brexit trade negotiations are down to the wire this week. One of the effects relating to data protection and GDPR is that the position in respect of the Data Protection Representative obligation will be altered for many organisations. 4 days ago What action you need to take regarding data protection and data flows with the EU/EEA. Irrespective of the outcome, the impact will not mean business as usual as the current situation where the UK is still part of the Single Market. Without equivalence, ISDA warned, counterparties subject to the derivatives trading obligation will face significant 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what's the position on data transfers as from 1 January 2021… 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what’s the position on data transfers as from 1 January 2021? Here’s a high-level summary: Transfers from UK to EEA – these will be subject to UK GDPR. Lynn says that a no-deal scenario, alongside no equivalence arrangements will Mar 09, 2020 · Since the UK left the European Union on January 31 st, Brexit is a fact. The EU’s Markets in Financial Instruments Directive (“MiFID II Directive”) and Markets in Financial Instruments Regulation (“MiFIR”) (collectively, “MiFID II”), which became effective in January 2018, introduced an equivalence regime for the first time for “investment Dec 25, 2020 · Brexit complicates Europe’s data transfer partnerships The UK has opted to remain subject to the EU privacy rules until the end of 2020, but will end this agreement as Brexit finalizes in 2021. In the meantime, further details are set out in our guide to data protection and Brexit. On October 22, the House of Commons European Scrutiny Committee (the Committee) published its first report of session 2019/20 (the Report). Very much at the last possible opportunity the UK and the EU have agreed a temporary deal to preserve the 2020 position on data transfers in the short term. law. The captains of British industry have congregated in a glass-walled City conference room. The consultations in relation to these drafts end in December 2020, and organisations need to keep an eye on EDPB updates, Commission updates and ICO updates, but ultimately the UK Government/DCMS will determine the UK's approach to international transfers of data going forward and, like so many Brexit issues, that future is still very uncertain. We have obtained Authorised Economic Operator (AEO) certification for our Harrogate (UK) and York (UK) sites to help reduce the risk of delays at the post-Brexit border (AEO status is an internationally recognized quality mark indicating secure international supply chains, and efficient and compliant customs controls and procedures). Jan 01, 2021 · The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today announced that the three central counterparties (CCPs) established in the United Kingdom (UK) – ICE Clear Europe Limited, LCH Limited, and LME Clear Limited – will be recognised as third country CCPs (TC-CCPs) eligible to provide their services in the EU, after the end of the Dec 27, 2020 · Security, data and the services sector are still in limbo after a ‘thin’ agreement struck to avoid disaster Downing Street’s chief Brexit negotiator, Lord Frost, exhausted from months of Analysis of capital markets “equivalence” determinations by the EU and the UK for prospectuses and accounting standards and their impact on market participants after the end of the Brexit implementation period. 's legal and regulatory supervision regime of UK CCPs, which was published by the European Commission on 21 September 2020. market but won’t necessarily enable EU share trading in London Dec 01, 2020 · Although equivalence is a technical regime, it’s irrefutably used as a card in political discussions. Financial Services post-Brexit: “Equivalence” does not mean “equal to”. , with exports in 2019 of GBP79 billion, equivalent to $106 billion. Regulatory change for firms as transition period ends; Use of the TTP to modify the UK’s derivatives trading obligation; Our approach to the share trading obligation; Our response to the Treasury announcement on equivalence; Brexit news and publications Oct 15, 2020 · In this White Paper, Tim Reucroft (Chairman, Thomas Murray Advisory Board) argues that it is not the UK CCPs per se that represent a systemic risk to the European Union, it's the forced movement of positions - which is to be mandated by the EU. 23%. The data protection authorities in Ireland and UK have produced guidance on data protection in a no-deal Brexit scenario. Updated: 26 Dec 2020, 08:55 PM IST Bloomberg The agreement ensures that most goods traded between the EU and UK won’t face new tariffs or quotas The status of U. Financial services after Brexit – can regulatory equivalence be achieved? Now that the UK has left the EU and entered into the transition period, work has begun in earnest on reaching an agreement on the future relationship between the UK and EU. With the end of the Brexit transitional period  23 Sep 2020 EU Schrems II case and the end of Brexit transition period will have a significant impact on the smooth running of international business. After Brexit the UK financial industry will lose the EU passport. Here we summarise the implications for data protection including the important issue of cross-border data flows, which are critical for businesses to maintain between the EU and UK. December 2020 Commentaries. SETTLEMENT – ACCESS TO UK   5 days ago No-Deal Brexit—Preventing Disruption to Data Transfers. Equivalence can be withdrawn unilaterally by the EU. "A 'no deal' outcome would still be bad for financial services, given the expected disruption and negative sentiment around the economy," Bareisis said. e. European regulators have demanded banks base certain operations currently conducted in London in the EU post-Brexit. Charter broker Air Charter Service has secured a BAe 146 freighter aircraft as it prepares for border disruption as the UK’s transition from the European Union (EU) ends on January 1. But with the prospect of the U. You can see more detail in my previous article. In the wake of Brexit Dec 24, 2020 · British Prime Minister Boris Johnson holds a news conference in Downing Street on the outcome of the Brexit negotiations, in London, Britain December 24, 2020. on 31 December 2020 (“IP Completion”). -EU data flows post-Brexit has been the subject of speculation since the fateful vote was taken nearly two-and-a-half years ago. By Matt Thompson and Najiyya Budaly. Dec 24, 2020 · WHAT IS EQUIVALENCE? This refers to an EU system that grants market access to foreign banks, insurers and other financial firms if their home rules are deemed by Brussels to be "equivalent", or as Dec 29, 2020 · Member of European Parliament David McAllister discusses the Brexit trade deal and financial services. We’ve taken many of the key points from the ‘6 steps’ guidance and included them in our new guidance for small organisations. Nov 10, 2020 · Sunak and the HM Treasury outlined a set of equivalence decisions for EU and European Economic Area (EEA) member state s from 31 December, stating that the UK’s approach to the issue post-Brexit would be technical and outcomes based. Clearly there are significant risks for financial services businesses in making arrangements to conduct cross border activities where the permission to do so could be arbitrarily withdrawn at a Jul 10, 2020 · Learn more about UK data law after Brexit. In Thursday’s referendum the difference between remain and leave was 3. The Situation: The European Union and  9 Dec 2020 Read more: City of London to be shut out of EU with no equivalence deal from Start your day with the City View podcast and key market data. Dec 29, 2020 · Unless there is a raft of unilateral equivalence declarations made by the EU before year end (to match those already made in the U. The UK regime will not need, however, to be word-for-word the same as Jul 17, 2020 · Brexit: The Current State of Play on Solvency II equivalence for the UK. safeguards to ensure that the personal data transferred will be subject to a standard of data protection equivalent to that provided in the EU. A quick refresher: Under GDPR Article 27, an EU representative must be appointed by a company (data controller or data processor) without an EU establishment if they sell to the EU or monitor people there. Dec 30, 2020 · On 1 January we move from prophecy to reality. If we don’t, there will be some practical alternative implemented. Updated July 10, 2020. Dec 28, 2020 · According to Office of National Statistics (ONS) data the equivalent of $62 billion of motor vehicle and parts were imported into the U. Are clients affected by Brexit differently if they are resident in a EU Dec 10, 2020 · A no-deal Brexit or a failure to produce close regulatory alignment in the financial services sector will be an “absolute nightmare” for fintechs, according to James Lynn, co-founder at London-based fintech, Currensea. After the transition period,  6 Mar 2020 Brexit negotiations: focus areas for financial services · Level playing field · Equivalence · Supervisory cooperation · Data adequacy assessments. One of the primary goals of the European Union and the single market is the harmonisation of national laws. 24, 2020 at 12:06 p. "This agreement doesn't include any elements pertaining to equivalence frameworks for Brexit and data protection in the UK. In accordance with the terms of the WA, following formal legal Brexit Regulation (“EMIR”) to improve trade repository data and ensure that  6 Mar 2019 Argentinian data protection law mirrors the EU regime, allowing transfers to states already covered by the EU's program of equivalence  3 Jun 2020 If the UK can navigate a way forward on data transfers with Brussels and an important objective for its post-Brexit trade relations with the EU. and European Union agree on historic post-Brexit trade deal Last Updated: Dec. Brexit Barnier confirms UK has missed Brexit equivalence assessment deadline EU chief negotiator Michel Barnier has confirmed claims that the UK has not completed necessary equivalence assessments Dec 18, 2020 · Home Brexit Businesses chiefs reading equivalent of War & Peace to understand Brexit rules data and intellectual property, contains 20,000 words more than War and Peace, the first four Harry UK banking stocks plunged on Tuesday. Data sharing provides both the UK and EU countries with a vital foundation to tackle cross-border market abuse, including insider dealing and cross-market manipulation. The Prime Minister said the Oct 14, 2020 · The Committee is alarmed about the lack of an EU decision on the data adequacy of the UK framework and the absence of most decisions on financial services equivalence and audit adequacy. Matters of data protection and other financial standards will have to fall 15 hours ago · Read more on how equivalence affects post-Brexit banking Britain will change its rules to attract issuers and investors to the U. 2 trillion in assets, equivalent to about $1. approach to financial regulation and data Dec 31, 2020 · The last-minute UK-EU trade agreement saw British businesses breathe a sigh of relief that a no-deal Brexit scenario had been averted. For security leaders wondering how all of this may affect them, we advise CISOs to focus on three primary areas of concern. Update (10 September 2019): We have refocused our data protection guidance for a no-deal Brexit so that it better addresses the needs of small organisations. There are many in the EU-27 who would like to see the EU’s approach to equivalence overhauled, regardless of Brexit. Assessments to confirm that UK regulations will remain equivalent to No Mifid equivalence for UK at end of Brexit transition Footnote reveals assessment delay beyond January 2021, piling pressure on London-based firms Samuel Wilkes Jul 17, 2018 · Article summary. Nov 27, 2020 · In theory, there's no reason why the UK shouldn't be granted a data adequacy agreement immediately, as it is the only country that starts from a position of equivalence with the EU, having implemented the latter's rules under the Data Protection Act (2018), et al. 1 day ago · Brexit. Oct 30, 2020 · UK data laws after Brexit: Your questions answered [Laws] will need to remain essentially equivalent to those in the EU. Law360, But not having an equivalence decision may not be that problematic for the U. Dec 24, 2020 · Technology trade bodies TechUK and DigitalEurope welcome Christmas Eve UK-EU Brexit deal as a new dawn, but say there is work still be to done on data adequacy and financial equivalence. What is unclear is whether there will be any UK/EU agreements providing access over and above those prescribed by the WTO and the EU’s standard third-country treatments. equivalence Browsing. government perceives the requirements of the U. We’ve issued a number of alerts before about the compliance issues relating to Brexit. WHAT IS EQUIVALENCE? This refers to an EU system that grants market access to foreign banks, insurers and other financial firms if their home rules are deemed by Brussels to be "equivalent", or as robust as regulations in the bloc. 02. The UK Government has, however, recently issued papers about various topics in a ‘no deal’ situation and one of these entitled: Data protection if there’s no Brexit deal. This updated Brexit briefing looks at the direct implications of Brexit on the Channel Islands in the following key areas: Trade; Financial services; Data protection; Free movement of Designers, scientists, marketing personnel and computer and data processing staff are service providers who depend on the ability to use data freely and interact with other experts, often across borders, to assist the company they work for or advise. 29 May 2020 Brexit: EBF view on the use of equivalence regimes EBF response · Safeguarding data flows: Joint trade associations recommedations on  3 Jul 2020 Is the continued inclusion of British data post-Brexit still justified? To which extent are the EU27 calibrations which continue to include UK data (  UK-GDPR is the new domestic data law after Brexit in Great Britain. Equivalence decisions: From the outset, the EU made it clear that it would not grant mutual recognition to the UK’s financial services industry. -dependent topics is data protection. Structure The UK is committed to maintain an equivalent regime post-Brexit to minimise the impact on UK data controllers and processors and to this end the Government has passed the European Union (Withdrawal) Act 2018 and the Data Protection, Privacy and Electronic Communications (Amendments etc. This non-political reading of the equivalence regime would be important in the Brexit context as a refusal of equivalence could only be based on arguments derived from the regulation itself and not from the wider political negotiation taking place between the EU and the UK. Last updated: 14 December 2020. Regardless, 1 January will mean significant changes. In particular, Brexit is a political change, and the future is determined not just by politicians but by economic, social and technological change. If the UK withdraws from the Single Market, its banks and financial firms will lose their current high degree of access. in 2019 from the EU, which generated a $38 billion deficit. Temporary authorisation for data reporting services providers; Latest updates. Dec 26, 2020 · Christmas Eve Brexit deal is second-worst outcome The last-gasp agreement, unwrapped hours before Europe shut down for the Christmas holiday, is a big achievement British Prime Minister Boris Johnson leaves after a news conference in Downing Street on the outcome of the Brexit negotiations, in London, Britain December 24, 2020. Nov 17, 2020 · Last week, UK chancellor Rishi Sunak announced a series of unilateral equivalence decisions, meant to ensure some level of continuity for UK entities trading with EU firms after the end of the Brexit transition period on December 31, 2020. For the United Kingdom (UK), however, it is Brexit rather than harmonised operation that draws ever closer. UK commitment to EU data protection principles. Minister for Data Protection, Pat Breen this week gave clarity on Ireland's position on Data Transfers with the UK post-Brexit at the National Data Protection  UK Finance Brexit Quick Briefs are a series of short papers intended to inform readers about key No interruptions: options for the future UK-EU data-sharing relationship · Impact of Brexit on What is 'equivalence' and how does it work? 16 Dec 2020 With Brexit on the horizon, potential changes to data transfer laws to be sufficient to demonstrate essential equivalence, and, in some cases,  24 Dec 2020 Brexit trade deal explained: the key parts of the landmark agreement It would mean that the EU effectively recognises UK data protection standards under which the bloc will either unilaterally grant “equivalence” to the UK  28 Dec 2020 A post-Brexit agreement has been announced. The Bank of England, where most risk is centred, is bracing for the end of the transition Jan 01, 2021 · Others include data protection and the matter of ensuring a “level playing field” between Britain and the E. Jun 28, 2016 · To many, Brexit will seem like an unfortunate accident. For many of the European shares, a large part (if not the majority in some cases) of liquidity is found on UK trading venues. Commission Communication on Brexit readiness: key points Finance, Data Top Brexit Deal's List Of Unfinished Business. Concerns about the EU’s equivalence regime including a lack of comprehensiveness, lack of transparency in the decision making process and the possibility of unilateral withdrawal of How does the UK relationship with the EU change post Brexit? 2 : 3 . These rules, like their Irish equivalent, derive from EU law. Therefore, the UK is hoping to be granted an adequacy decision by the EU Commission that would guarantee uninterrupted data flows between the UK and the EU/EEA. In section 10, this includes consideration of the UK’s access to the EU financial services markets after Brexit and, more specifically, the European Commission’s recent review of the EU law on equivalence. In practice this ultimately means that the UK government is making a very firm commitment to maintaining EU data protection standards post-Brexit, irrespective of whether or not an adequacy decision is granted. Dec 29, 2020 · WATCH: German MEP on Brexit impact on financial services. 15 Jun 2020 Trending topics across the site: Employment & Reward · Coronavirus · Data, privacy & cyber · Planning · Construction Contracts. ICAEW members can read our guide on data protection and Brexit Jan 31, 2020 · The EU’s General Data Protection Regulation applies to any processing of personal data from individuals inside the European Union, but after Brexit, will no longer apply to the processing of personal data from individuals inside the UK. What are the differences between the UK-GDPR and EU’s GDPR? There are very few substantial differences between the UK-GDPR and its EU equivalent. There is one positive though: on 21 September the Commission issued a temporary equivalence decision for UK CCPs (Central Counterparties) given the Brexit. and European Union strike an accord, it won’t cover Britain’s most valuable industry, and one coveted by the EU: finance. After the end of the transition period EU law will stop to apply in the UK from 1 January 2021 and from that date provision of financial Context and Background. Nicole Sykes is the former head of negotiations at the Confederation of British Industry (CBI). will stay governed by the EU's data transfers framework for a maximum of six months while the EU decides whether there is equivalence — or "adequacy" to use the term du jour — between Brussels' and London's data protection regimes. Financial Services post-Brexit: “Equivalence” does not mean “equal to” The financial services sector accounts for around 12% of Britain’s economic output and generates greater tax revenues than any other industry. In Short. ”) Dec 30, 2020 · Brussels ran out of time to approve the United Kingdom's data protection regime to keep reams of personal information flowing across the Channel after Brexit, so negotiators performed a fudge: The U. Trawlers matter more than share traders in the UK’s fitful negotiations with the EU. Photo: PA. It’s not ‘Project Fear’. Post-Brexit, the Senate Race, and Economic Data in Focus "This agreement doesn't include any elements pertaining to equivalence Nov 20, 2020 · Limiting the personal data that is exported (i. not just exporting all data in a set but making a decision as to what data from a set needs to be exported); and An obligation on the importer to notify the exporter of its inability to comply with its contractual commitments and/or the essentially equivalent level of data protection, Dec 29, 2020 · On financial services, the Brexit deal “perhaps does not go as far as we would like” says Prime Minister Boris Johnson, because there is no definite commitment on market access, and measures remain in the agreement for the possible imposition of tariffs if the UK moves notably from existing This non-political reading of the equivalence regime would be important in the Brexit context as a refusal of equivalence could only be based on arguments derived from the regulation itself and not from the wider political negotiation taking place between the EU and the UK. July 2016. legislation for these topics to be broadly in line with, or in some cases, to go beyond the requirements of the equivalent E. The Irish Data Protection Commission (DPC) issued specific guidance around standard contract clauses in the event that the UK leaves the EU without a deal. Sep 20, 2018 · ‘T Ain’t What You Do (It’s The Way That You Do It): Data Transfers in a Post-Brexit World. Part of Brexit: check how the new rules affect you The ICO is the independent supervisory authority for data protection in the UK. 24 Dec 2020 Technology trade bodies TechUK and DigitalEurope welcome Christmas Eve UK -EU Brexit deal as a new dawn, but say there is work still be to done on data adequacy and financial equivalence. ” 27 Nov 2020 In theory, there's no reason why the UK shouldn't be granted a data adequacy agreement immediately, as it is the only country that starts from a position of equivalence with the EU, having implemented the latter's rules under  ESMA's decision follows the time-limited equivalence decision for the U. data protection standards are comparable with the bloc’s, could be made in early 2021. But there are still some glaring gaps that haven’t been addressed by either the UK or EU, including equivalence for trading venues. July 9, 2020 • Brexit, Clearing, Cross Border, EMIR, Europe, Regulation, FIA, Press Releases FIA commends European Commission for improvements to EMIR 2. That puts the sector on a much less firm footing than 1 day ago · Brexit. to be able to demonstrate “equivalence” in its data protection laws in order to secure an  10 Feb 2020 3, Michel Barnier—the EU's chief Brexit negotiator—made it clear that if the the General Data Protection Regulation (GDPR), is likely to stay in place. We believe it is important for our respective public interest objectives that under all scenarios ways are found to continue this flow of information. The European Commission's recent temporary equivalence decision is good Data Protection Commission Imposes a €450,000 fine on Twitter for a  17 Nov 2020 Brexit brings with it many uncertainties, especially in the area of data then have to achieve an EU decision on data protection equivalence. But that’s the price of reclaiming sovereignty. ICAEW members can read our guide on data protection and Brexit Nov 09, 2020 · The Capital Requirements Regulation Equivalence Directions 2020 will grant equivalence to the EEA for Articles 107 (3),114(7), 115(4), 116(5), 132(3), 142(2) and 391 of the Capital Requirements Dec 24, 2020 · Boris Johnson hailed a £660 billion Brexit trade deal which finally “takes back control” from the EU more than four years after Britain voted to leave it. Yet time is running out for so-called ‘equivalence’ decisions to be in place in the New Year, when both sides had vowed last year Dec 29, 2020 · Yet time is running out for so-called ‘equivalence’ decisions to be in place in the New Year, when both sides had vowed last year to wrap up the process by mid-2020. Verena Ritter-Döring and Charlotte Dreisigacker When reading the news, one cannot deny that a hard Brexit may well be looming. Beyond Brexit: Regulatory equivalence. It is now widely assumed that the UK will lose its passporting rights as a result of Brexit . The financial services sector accounts for around 12% of Britain's economic output and generates greater tax revenues than any other industry. The UK will still be hoping that the EU issues "equivalence" decisions on financial What will the data protection rules be for UK companies which deal with data from the EU? 18 Dec 2020 The UK National Data Strategy has landed just as the country is at a final equivalence' in the treatment of data subjects moving forward. Work on an EU adequacy decision has taken longer than expected, partly because of a ruling by the European Court of Justice in July that demanded that data protection in third countries must be “essentially equivalent” to that in the bloc. Nov 15, 2018 · 4. 21 Dec 2020 Andrea Holder and Phil Todd look at the possible interim solution being considered in the event of the UK's data protection regime not  December 10, 2020 • Brexit, Cross Border, Europe, Regulation, Trading, FIA, Regulatory Responses. Brussels has insisted the UK will have to rely on equivalence for market access after Brexit, when the financial sector will lose the right to seamlessly offer services across the single market. 24, 2020 at 11:11 a. Both parties remain free to set their own standards and market access to A is provided so long as regulatory outcomes in B are at least broadly the same as those in A. Equivalence Dec 31, 2020 · Business finance specialist Rangewell, has published a blog post that seeks to clarify how SMEs will be impacted by the Brexit deal. waters. However, financial providers established in the UK could still cater EU clients on the basis of equivalence decisions unilaterally adopted by the European Union. The EU has taken a hard line over data transfers if the UK leaves the bloc without a deal on March 29: It has been clear that it won’t grant the UK an "adequacy" decision to permit free flows of personal information. The UK's Treasury has confirmed it is prioritising equivalence arrangements for financial services with regimes currently covered by EU regulation, to ensure a smooth exit at the end of the Brexit transition period. market but won’t necessarily enable EU share trading in London Dec 25, 2020 · This “equivalence” arrangement is reviewed on an ongoing basis, depending on the UK approach to financial regulation and data protection. Free movement of people and guaranteed data transfers will end. The regulation and protection of personal data in the UK is mainly set out in the Data Protection Act 1998. Studies published in 2018, estimated that the economic costs of the Brexit vote were 2. In a letter (4 page / 84KB PDF) to the House of Lords EU Financial Affairs Sub-Committee on financial services after Brexit, economic secretary to the Treasury, John Glen, said work was continuing with the EU to assess equivalence. 23 Nov 2020 Brexit's data compliance burden could cost UK firms up to £1. A Japan-style regulatory forum seems likely to be the vehicle for regulators to warn each other of any legislative changes that could jeopardize UK financial firms' access to their clients in the EU. A ‘no deal’ Brexit (also known as a ‘hard’ Brexit) is the situation where the UK leaves the EU with no transitional arrangements (agreed between the UK and EU, as opposed to unilateral contingency measures) and without a trade arrangement or other deal with the EU. Non-tariff barriers from January onwards will therefore be a major source of concern. Apr 18, 2017 · A recent report by the Financial Times, using data from the Financial Conduct Authority, found that there are 5,500 firms registered in the UK using passports to access the European market. Dec 14, 2020 · The lack of clarity over whether the UK and the EU will clinch a trade deal before the end of the year also makes it harder for those in financial markets to know whether equivalence decisions Dec 24, 2020 · From the start of 2021, blanket access for British financial firms to the EU ends and will be replaced by an EU system known as equivalence. Will the EU grant the UK equivalence status to enable the continuance of cross border business post Brexit? 2 . Currently both sides are in a transition phase that lasts until the end of this year. The UK currently operates under GDPR supported by its own Data Protection Act (DPA) 2018, which adds certain exemptions and derogations that help GDPR fit . Dec 25, 2020 · Brexit agreement explainer: Who got what Among areas covered by deal are trade, services, fisheries, level playing field and security Sep 22, 2020 · The new element is that the number of equivalence decisions might be more reduced than could have been expected only a month ago and time is quickly running out with the October deadline looming. Essentially, the UK has lifted the entire structure of the EU GDPR and put it in place into UK law. Agreed upon last week, the UK government is calling the deal a Dec 24, 2020 · After a tumultuous four-and-a-half years of back and forth between the U. Dec 24, 2020 · (Bloomberg) --U. One of the solutions is to appoint a UK representative. Most recently in July 2018, the EU and Japan agreed to recognise each other’s data protection systems as ‘equivalent’. crashing out of the EU without an orderly withdrawal agreement growing ever-more realistic, concern is mounting. . are “data adequacy” and “equivalence for financial Mar 30, 2020 · ESMA’S POST-BREXIT REGIME FOR UK INVESTMENT FIRMS—‘EQUIVALENCE’ OR DIRECT REGULATION? The European Union’s financial regulatory regime for third-country access in many sectors relies on a framework of “equivalence,” whereby institutions based in approved non-EU countries with similar standards may have varying degrees of access to EU markets or investors, depending on the extent Feb 11, 2020 · UK government wants 'permanent equivalence' for London's financial center after Brexit, report says Published Tue, Feb 11 2020 4:40 AM EST Updated Tue, Feb 11 2020 4:40 AM EST Silvia Amaro @Silvia Microsoft's enterprise cloud customers can continue to transfer data by relying on Microsoft's compliance with the standard contractual clauses as a lawful transfer mechanism that enables customers to move data between the EEA and other countries - including the UK - even in the absence of a new equivalent legal framework, adequacy decision or 1 day ago · Brexit. ), it looks likely that for financial services 1 January will Nov 24, 2020 · City/Brexit: fishing before finance – FT. Post-Brexit, the Senate Race, and Economic Data in Focus "This agreement doesn't include any elements pertaining to equivalence Dec 25, 2020 · Data flows Summary: The Brexit deal includes a temporary solution to keep data flowing between the EU and There will be an equivalence agreement allowing for foods certified organic in one The status of U. The author makes the case that: UK CCPs are currently authorised under the single market and UK laws and regulations are 'super-equivalent', so there Jul 01, 2020 · Brexit took effect on January 31 but UK-EU trade has continued as if nothing changed thanks to a transition agreement. Even if the UK and EU make findings of equivalence, both equivalence regimes permit those findings to be withdrawn on 30 days’ notice without cause. Dec 30, 2020 · Technology trade bodies TechUK and DigitalEurope welcome Christmas Eve UK-EU Brexit deal as a new dawn, but say there is work still be to done on data adequacy and financial equivalence. Prime Minister Boris Johnson’s post-Brexit trade deal is unique in that it will leave businesses facing more barriers to trade than they did while Britain was a member of the European Union. Transfers of personal data to the EU/ EEA from the UK will not be affected and transfers to and from countries outside of the EU/EEA will be subject to the same rules as now. Post-Brexit, the Senate Race, and Economic Data in Focus "This agreement doesn't include any elements pertaining to equivalence The impact of Brexit. The UK government has confirmed that such transfers are not restricted and so can continue […] 15 hours ago · Introduction. , on Wednesday, Feb. In 1975 the UK voted to remain in what were then called the “European Communities” by a majority of 67. After Brexit, the new UK-GDPR will take effect and have domestic application equivalent to the EU’s GDPR. ) (EU Exit) Regulations 2019 (The Exit Regulations) which serve to ensure EU law as it exists on exit day, including GDPR, will be incorporated into UK law. Under the terms of the European Union (Withdrawal Agreement) Act 2020, the UK is in a transition period until 31 December 2020 to allow it to negotiate its future relationship with the European Union. Its preference, however, is a permanent arrangement post Brexit that would allow for close alignment and equivalence with the EU, without the UK being a rule  13 Aug 2020 With the post-Brexit transition period due to expire on 31 December the equivalence of the UK data protection law by 31 December 2020. Why does equivalence matter to the UK after Brexit? The EU has recognised standards or regulatory regimes of non-EU or EEA countries as equivalent in several areas: data adequacy, financial services and airline security to name a few. Under a “No Deal” Brexit scenario, the General Data Protection Regulation (GDPR) will form part of UK domestic law as “retained EU law” as a result Dec 26, 2020 · The key terms of the Brexit deal analyzed 8 min read. Irrespective of whether the UK leaves the EU with a withdrawal agreement, interest grows in the future of regulatory policy, the inter-connectivity of international financial services, and how firms from other countries will be welcomed by the main international jurisdictions. An FTA deal could limit disruptors such as tariffs, quotas, data exchange restrictions, work VISA problems, recognition of transport regulations and licenses and more. Jan 01, 2021 · Hence the real ringmaster of the Brexit deal was Father Time, This "equivalence" arrangement is reviewed on an ongoing basis, depending on the U. READ MORE: Ryanair freezes out UK investors to keep flying in EU post-Brexit Dec 24, 2020 · Anti-Brexit campaigners wave a European Union flag and a Union Jack, also known as a Union Flag, during a protest near the Houses of Parliament in London, U. Even if the U. Post-Brexit, the Senate Race, and Economic Data in Focus "This agreement doesn't include any elements pertaining to equivalence Oct 19, 2020 · The EU’s equivalence regimes have been given increased prominence as a result of Brexit, since they are the means by which EU investors can access Europe’s largest financial centre, London, and vice versa. We’ve taken many of the key points from the ‘6 steps’ guidance and included them in our new guidance for small organisations. As widely anticipated by (re)insurance industry stakeholders, the European Union (EU) and the United Kingdom (UK) did not meet the self-imposed 30 June 2020 deadline for completing Solvency II equivalence assessments in the areas of reinsurance, group supervision and group solvency. m. Oct 17, 2019 · The impact of Brexit on CISOs. If the UK withdraws from  19 Nov 2020 Equivalence is a system which can be used to grant domestic market access to foreign firms in certain areas of financial services. It is Britain’s first week outside of the EU. ET First Published: Dec. The EU and the UK have failed to meet the 30 June 2020 deadline for Solvency II equivalence assessments. On 29 March 2017, the United Kingdom (UK) notified the European Council of its intention to withdraw from the European Union (EU), a process known as Brexit. U. Dec 25, 2020 · The interim solution in the Brexit deal also protects companies from legal limbo and possible fines under the EU’s strict data privacy rules. Brexit, COVID-19 news, and chatter from In the meantime, further details are set out in our guide to data protection and Brexit. 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what's the position on data transfers as from 1 January 2021… Dec 30, 2020 · The Brexit trade deal has now has been agreed between the EU and UK. For now, it remains unclear how the future relationship between the EU and the UK will be shaped after 2020. An FT article reporting the response can be found here . Dec 24, 2020 · Hence the real ringmaster of the Brexit deal was Father Time, This “equivalence” arrangement is reviewed on an ongoing basis, depending on the UK approach to financial regulation and data Dec 27, 2020 · The equivalence system — which Brussels already uses with other non-EU financial centres — does not cover all financial services and allows access rights to be withdrawn at just 30-days’ notice. 9%, which amounts to annual costs of £870 for the average UK household. Will the UK automatically be awarded adequacy status? Unless a Brexit deal is reached between UK & the EU before 31st October 2019 which covers data protection & data transfer arrangements, the answer is no. 5 . Sep 05, 2019 · Post-Brexit, any share with an International Securities Identification Number (ISIN) with an EU27 country code shall be traded either on-shore or an equivalent third country market. 27, 2019. Dec 28, 2020 · EU officials have said a so-called data adequacy decision, which would certify that U. 21 Jul 2020 Footnote reveals assessment delay beyond January 2021, piling pressure on London-based firms. market but won’t necessarily enable EU share trading in London Data protection and Brexit What you can do to prepare Uncertainty remains as to how data protection law will apply after the UK leaves the EU, depending on whether or not a deal is agreed. Nov 25, 2020 · An in-depth report from the International Swaps and Derivatives Association (ISDA) published in September said it is critical that the EU and the UK recognise equivalence of each other’s derivatives trading venues post-Brexit. 5. The data adequacy decision is taken by the European Commission separately to the negotiations with the UK on trade, like a decision on financial services equivalence that will determine the access Feb 27, 2020 · A UK push for enhanced EU equivalence conditions that would offer London financiers greater certainty after Brexit seems likely to be achievable, given the narrow distance between negotiating mandates published by both sides this week. Dec 27, 2020 · Major banks say they have prepared for Brexit, and the new terms of trade with the European Union won’t disrupt their operations while negotiations continue over equivalence. Hence no deal on trade, no regulatory equivalence, and no data adequacy agreement really do mean no deal on data. Many are expecting changes in customs procedures at the border between the UK and EU as a result of the end of the Sep 27, 2018 · Why equivalence is not the easy solution for Brexit Veröffentlicht am 27 September 2018 2 November 2018 von Dr. The meeting is so oversubscribed that FTSE chairmen huddle by the complimentary brownies and turf out Dec 28, 2020 · LONDON (REUTERS) - Brexit offers Britain a chance to do things differently in financial services, Finance Minister Rishi Sunak said on Sunday (Dec 27), but it will cooperate with the European Georgia Senate candidate Raphael Warnock, in a 2018 sermon, tore into the British vote to leave the European Union -- calling Brexit part of the "same problem" as "Trumpism" and was an example of with third-country rules, or at best, equivalence. Mar 22, 2018 · After Brexit, the UK will lose the ability to passport financial services across the remaining EU 27 member states. Cross-Jurisdiction. The failure of the UK to agree full “equivalence” — mutual recognition of local standards — with the EU is forcing City institutions to act. Equivalence. The ESAs may be able to apply a more technocratic assessment of equivalence than the EC, with a focus on regulatory outcomes rather than line by line equivalence. (See further our previous alert, “European Data Protection Board Issues New Recommendations for International Data Transfers: Essential Guarantees, Supplemental Measures, and False Warrant Canaries. (ECJ) on disputes over data and UK banking stocks plunged on Tuesday. 15 hours ago · Read more on how equivalence affects post-Brexit banking Britain will change its rules to attract issuers and investors to the U. Dec 04, 2020 · The Brexit transition period ends on December 31; so from that date, regardless of whether there is a Brexit deal, banks with headquarters in London will very probably need a licensed European And in the light of the current uncertainty regarding the equivalence of the UK’s framework in the future, the private sector must continue to prepare for all possible outcomes beyond 31 December 2020 – indeed, EU authorities have been calling for adequate preparations by the private sector throughout the Brexit process. Subsequent data shows that the Brexit referendum pushed up UK inflation by 2. 15 hours ago · As the UK and the EU have now reached a deal on Brexit, what's the position on data transfers as from 1 January 2021… Sep 17, 2020 · As the UK will become a so-called third country post-Brexit, many companies will require a legal basis for continued EU-UK data transfers. market but won’t necessarily enable EU share trading in London Dec 31, 2020 · The UK and the EU have – finally – agreed a Brexit trade deal, the draft EU-UK Trade and Cooperation Agreement (“Agreement”). UK banking stocks tumbled on Tuesday, as alarm grew over the future of financial services in Britain in the wake of its Brexit trade deal. February 19, 2019. Fish The Brexit trade deal contains a five-and-a-half year transition period for fisheries, during which British fleets will see an uplift equal to 25% of the catch previously caught by EU boats in U. One of the more obvious E. K. If you do business with a UK-based organisation, your relationship will change when the Brexit transition period ends on 31 December 2020. 63 If the EU wants to restrict certain EU markets to be accessed by UK market participants, it should adopt in its regulation the necessary instruments for doing so, but the equivalence standards are not the right Sep 13, 2018 · The European Commission has stated that if it deems the UK’s level of personal data protection essentially equivalent to that of the EU, it would make an adequacy decision allowing the transfer Brexit: Implications for business Following the end of the Transition Period on 31 December 2020, Great Britain is no longer part of the EU scheme for regulating biocides. In 2015, the European Court of Justice found data equivalence with the US to be invalid following a challenge by an Austrian citizen through the Irish High Court. Nov 10, 2020 · The post-Brexit trade of goods and services between the EU and the UK seems top-of-mind, but data is another issue that will grow into a major sticking point for businesses if no deal is achieved Jan 22, 2019 · The political uncertainties around the different scenarios warrant that businesses prepare for a “No Deal” Brexit in all areas, including in relation to the processing of personal data. data equivalence brexit

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