The Key terms and definitions you need to know: 

Binding corporate rules: personal Data Protection policies adhered to by controller or processor in the Member State for transfer of personal data to controller or processor in third country

Originally devised by Article 29 Working Party to transfer secure large data internationally while reducing bureaucracy

GDPR establishes conditions for Member State to establish own binding corporate rules to streamline international transfers.

The EU General Data Protection Regulation (the “Regulation”) came into effect on 25 May 2018, replacing the Data Protection Act 1998. The GDPR requirements largely repeat the security principles set out in the DPA, although with a much tougher regime and more severe sanctions for breach.

This change has brought about business challenges for which there is little, if any, legislative or regulatory clarity at present.

 1. How does controllerand processorliability work in practice?