After the ECJ invalidated the former EU-US Privacy Shield, businesses who operate cross- border have been waiting to get another EU-US Adequacy decision which will enable a sound legal basis for cross- Atlantic data flows.
On June 27th, 2023, the three institutions regrouped in trilogues agreed on a deal on the Data Act. Though the final text of the deal will still need to be agreed by linguists and formally endorsed by the EP and by the Council, the content of the Data Act is now known.
On June 1st 2023 , the European Parliament adopted in plenary session its position for negotiations with member states on rules to integrate human rights and environmental impact into companies’ governance.
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EU lawmakers in the JURI committee of the European Parliament adopted with a large majority the report from MEP Lara Wolters on the proposed corporate accountability rules on April 25th, 2023.
EU lawmakers in the JURI committee of the European Parliament are expected to vote on their position on the proposed corporate accountability rules on April 25th, but some key points still remain to be unlocked.
At the end of March 2023, the MEPs from the Economic and Monetary Affairs Committees have adopted their position on three pieces of draft legislation on the financing provisions of EU Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) policy.
With a view to making the EU a leader in our data-driven society, member states’ representatives (Coreper) reached a common position (“negotiating mandate”) allowing the Council to enter negotiations with the European Parliament on the proposed legislation regarding harmonised rules on fair access to and use of data (data act).