The smooth flow of data across the border is an important aim of the Greater Bay Area initiative and is also key to the development to the digital economy. To facilitate this process, authorities on both sides of the border singed an MoU in June 2023 to facilitate the cross-border transfer of data while maintaining protection of privacy.
Organisations involved in the cross-border transfer of data will need to ensure that their internal operations, particularly IT systems, are in compliance with the requirements.
To help organisations comply with the rules, a pilot scheme for a Standard Contract was launched in December 2023, which is now accepting applications. Further developments are expected under the MoU to help organisations to transfer data in a safe, efficient and compliant manner.
This flyer summarises the impact and potential benefits to companies of the latest developments.
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