Chinese authorities issued new regulations and guidance
governing cross-border transfers of data and personal information,
which will significantly reduce procedural and compliance burdens
for many multinationals.
On March 22, 2024, the Cyberspace Administration of China issued
the Provisions for the Promotion and Standardization of
Cross-Border Data Flows (the "Provisions") and
updated guidelines for security assessments and standard contracts
(collectively, the "Guidelines"), all effective
immediately.
The Provisions and the Guidelines clarify and relax requirements
relating to cross-border data transfers.
Exemptions From Additional Procedural Requirements for
Cross-Border Data Transfers