The European Affairs Committee (EAC) underscored that losing adequacy status could trigger substantial hurdles for UK businesses, raising new barriers to trade and economic cooperation.
The cross-party House of Lords committee urged that without proactive engagement, the UK's position on data adequacy might falter, leading to severe financial consequences.
Assuring data adequacy requires dialogue with the European Commission, and the EAC recommends starting talks early to secure the future relationship and compliance with GDPR.
With the deadline for adequacy determinations approaching in June 2025, the continued free flow of personal data is critical for avoiding significant administrative burdens.
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