EU, UK mulling interim data flows solution post-Brexit
With time running out for the EU to grant the U.K.’s data protection regime a stamp of approval before the Brexit transition period ends, officials are considering options to keep personal data flowing across the Channel, according to two individuals familiar with the talks.
The officials said that any interim solution is tied up in the wider trade negotiations, which both sides agree are currently stuck. That means that in the event of a no deal, companies would have to use alternative data transfer mechanisms to move data from the EU to the U.K., such as standard contractual clauses — a situation which could cost the U.K. economy as much as £1.6 billion.
Source: EU, UK mulling interim data flows solution post-Brexit
