On July 26, 2016, Isabelle Falque-Pierrotin, the Chairwoman of the Article 29 Working Party of data protection regulators, announced that EU data protection regulators will not challenge the adequacy of the EU-U.S. Privacy Shield (“Privacy Shield”) for at least one year (i.e., until after summer 2017). The European Commission is scheduled to conduct a mandatory review of the adequacy of the Privacy Shield by May 2017.
As we recently reported, on July 12, 2016, the European Commission and the U.S. Department of Commerce announced the formal adoption of the Privacy Shield framework, composed of an Adequacy Decision and accompanying Annexes.
The Privacy Shield is designed to protect the fundamental rights of individuals whose personal data is transferred to the U.S. and ensure legal certainty for businesses with respect to transatlantic transfers of personal data.
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