The transfer of personal data outside of the EU is only allowed under certain conditions as set out in Directive 95/46/EC and also in the General Data Protection Regulation which will be fully applicable as of May 2018. If a country is deemed by the European Commission to offer an adequate level of protection, it will be subject to the same rules as an EU Member State, which means that the recipient of the data in that state will not be obliged to take specific measures to allow for the transfer. Transferring data to a country without an adequacy decision requires appropriate safeguards, such as standard contractual clauses or binding corporate rules. Derogations to this rule can be obtained in very specific cases. The European Data Protection Board, of which the EDPS is a member, will provide the Commission with Opinions on this subject.
Opinion on the Proposal for a Council decision on the conclusion of the Agreement between the European Union and Canada with respect to matters related to supply chain security
Opinion on the data protection reform package
Opinion on the Commission proposals for a Directive of the European Parliament and of the Council on markets in financial instruments repealing Directive 2004/39/EC of the European Parliament and of the Council (Recast), and for a Regulation of the European Parliament and of the Council on markets in financial instruments and amending Regulation on OTC derivatives, central counterparties and trade repositories, OJ C 147/01 25.05.2012, p1
See also the text of the proposal for a Directive of the European Parliament and of the Council on markets in financial instruments repealing Directive 2004/39/EC of the European Parliament and of the Council
Opinion on the Commission proposals for a Regulation of the European Parliament and of the Council on insider dealing and market manipulation, and for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation
See also the text of the Proposal for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation
See also the text of the Proposal for a Regularion of the European Parliament and of the Council on insider dealing and market manipulation (market abuse)
Opinion on the Commission proposal for a Regulation of the European Parliament and of the Council amending Regulation (EC) No 1060/2009 on credit rating agencies, OJ C 139/02 15.05.2012, p6
See also the text of the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EC) No 1060/2009 on credit rating agencies
See also the text of the proposal for a Regulation of the European Parliament and of the Council on markets in financial instruments and amending Regulation [EMIR] on OTC derivatives, central counterparties and trade repositories