Dentons is pleased to have supported a joint report entitled 'No Interruptions: options for the future UK-EU data sharing relationship', commissioned by techUK and UK Finance which examines the challenges associated with the cross-border exchange of personal data between the two regions by customers and businesses post-Brexit.

Every day, a vast amount of personal data is moved across national borders by citizens, businesses and organisations from banks and online retailers, to cloud services and academic organisations. A common regulatory regime currently promotes world-leading standards of data protection and privacy on a cross-border basis. The report details how mutual adequacy agreements between the UK and EU, preceded by a transition period maintaining current arrangements for a set period, would preserve the strong working relationships already in place and offer businesses much-needed regulatory certainty. When the UK leaves the EU in March 2019, it will lose the automatic legal framework for the free flow of personal data. Unless a new arrangement is agreed, transfers of personal data across Europe will be severely limited – requiring alternative mechanisms which can be costly or complex – or stop completely, potentially at huge financial cost for both economies.

Martin Fanning, partner in Dentons' UK Privacy and Technology practice, said, “We were delighted to support UK Finance and techUK with this report. In a connected world, data is ubiquitous and data protection considerations are paramount – this analysis assists all sides of the Brexit debate, and across all sectors, to examine the challenges posed in relation to the free flow of data."

Click here to download a copy of the report.

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