After nearly four years of negotiation, the EU is near to approving the text of a new regulation which will replace data protection laws across Europe and with a single data protection regulation.
The final text of the regulation has now been agreed as part of the “trialog procedure” which is a negotiation between the Council of Minsters, the Civil Liberties and Justice Committee of the European Parliament and the European Commission. The final text must be approved by the European Parliament in a plenary session early next year before it becomes law although that vote is considered to be a formality.
We will provide a full analysis for what the new regulation means for employers operating in the EU over the coming weeks. The regulation will affect different businesses in different ways but the three most significant aspects are expected to be:
There will be a 2 year implementation period before the new regulation becomes law and replaces the existing Data Protection Act 1998.