With U.K. companies facing costly alternative plans with EU partners to store data once a post-Brexit transition period expires this month, the European Commission and the U.K. have reached an agreement to ensure that the flow of personal data continues.
The adequacy agreement was reached after the European Commission took two “data adequacy” decisions including an opt-out clause, which expires after four years and can only be renewed if the U.K. ensures an adequate level of data protection.
While clarifying the agreement, the European Commission said it made its decision in part because “the U.K.’s data protection system continues to be based on the same rules that applied when the U.K. was a member of the EU,” but warned that it would “intervene” if the U.K. deviated from the current level of protection.
For more information, read the original story on the BBC.