On June 13, the Article 29 WP addressed a letter to the European Securities and Markets Authority ("ESMA"). The letter provides guidance and recommendations to ESMA and European national financial supervisory authorities on how to frame international transfers of personal data under Article 46 of the GDPR and how to draft legal instruments for data transfers to countries that have not been recognized by the European Commission as offering adequate data protection.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
