On 24 December 2020 it was announced that the United Kingdom (“UK“) and European Union (“EU“) had reached an agreement, in principle, outlining the basis for the ongoing relationship between the UK and EU once the Brexit transition period ends on 23:00 (GMT) 31 December 2020 (“Brexit Transition Period“).

The agreement, entitled the EU-UK Trade and Cooperation Agreement (hereafter the “Trade Agreement“), contains a further transitional period of up to six months (“Additional Transition Period“) during which personal data can flow freely between the European Economic Area (“EEA“) and UK without the need for parties to implement additional safeguards to effect such transfers.

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