In the News: Guidance on Standard GDPR Clauses; Xiaohongshu's Web3 Adventures; and Pricing Regulations

June 14, 2022 | BY

Hugo Yeung

EU Commission releases guidance on updated standard clauses for GDPR-regulated parties; Xiaohongshu invests in US-based Web3 startup; Regulations on price labelling and price gouging

Credit: Maksym Dykha/Adobe Stock

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GDPR Standard Contractual Clauses

On May 25, the EU Commission released a detailed Q&A about the updated standard contractual clauses (SCCs) promulgated on June 4, 2021.

SCCs are standardized and pre-approved model data protection clauses that allow controllers and processors to comply with their obligations under the GDPR. The new SCCs apply to data transfers from controllers or processors in the EU/EEA to controllers or processors established outside the EU/EEA. The Q&A offers answers to situations that respondents were unclear about and clarifies important considerations such as whether a data importer has to inform the data exporter about requests for disclosure it receives from public authorities. Until December 27, 2022, controllers and processors can continue to rely on those earlier SCCs for contracts that were concluded before September 27, 2021—provided that the processing operations that are the subject matter of the contract remain unchanged.

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