The European Commission has issued guidance on transatlantic data transfers in light of the Schrems ruling which declared invalid the Safe Harbor arrangement. The Commission outlines the mechanisms which can be used to continue transatlantic data flows between companies, including standard clauses (which specify data protection obligations and are pre-approved by the Commission) and binding corporate rules (for transfers within a multinational corporate group, which are pre-approved by the national Data Protection Authorities). The guidance also includes an update on the status of negotiations towards replacing Safe Harbor with a new arrangement.

European Commission communication