ICC European Union General Data Protection Regulation (GDPR) inventory – Second Edition
This second edition of the inventory will serve as a key resource for the global business community, who are currently scoping out how to consider and implement key aspects of the new regulation, which covers privacy and data protection for EU citizens.
The International Chamber of Commerce (ICC) policy inventory on the European Union (EU) General Data Protection Regulation (GDPR) identifies aspects of the GDPR that will benefit from business experience and expertise.
Published on 4 May, 2016 in the European Union (EU) Official Journal, the GDPR has been generating a roar of discussion throughout the business world and will significantly affect business activity in all sectors, well beyond the borders of the EU. Including provisions on the right to erasure, binding corporate rules, and data breaches, the regulation will transform the privacy landscape known today.
To facilitate analysis of where global business input on the regulation will be most useful, ICC’s Commission on the Digital Economy is publishing its second edition of the inventory to make it widely available. It will be used to identify where further guidance or implementing regulations will be promulgated and to convene global business input on those articles of the regulation where business practical experience and expertise could offer most insight. ICC hopes it will encourage other business organizations to work collectively on implementation cooperatively to cover all topics that need to be addressed to maximize the benefit to our collective memberships.
The GDPR has replaced the Directive 95/46/EC which was enacted in 1995, and will significantly change EU data protection laws. Entering into force on 24 May 2016, it will apply from 25 May 2018. During this two year implementation period, additional guidance is expected including whether and how Article 29 Working Party could transform into the European Data Protection Board.
The ICC Commission on the Digital Economy invites the global business community to use the inventory (second edition, published September 2016) and hopes it proves a useful resource.