EU firms face operational burdens if UK denied data protection adequacy

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Financial firms could be dealt a fresh batch of operational burdens due to Brexit if the European Commission (EC) decides that UK privacy laws offer an inadequate level of data protection for transferring personal data between the UK and European Union member states. If adequacy is not granted, compliance and operations teams of firms in the European Economic Area (EEA) will need to undergo onerous paper exercises and establish bilateral or multilateral data protection safeguards.

“The main hit

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