Binding Corporate Rules Masterclass 2014

Binding Corporate Rules (BCRs), as a means of legitimising intra-group transfers out of Europe, are rapidly becoming an attractive consideration for companies, due to their flexibility and the significant endorsement they have received from EU bodies and data regulators in recent years.

Work on streamlining BCRs is already underway. The much anticipated EU reform is encouraging companies of all sizes to adopt BCRs, and recommends that they are binding not only within companies but also with respect to third parties, as well as proposing that they be used for cloud computing. BCRs have been described at a tool for accountability, another principle which the EU is leaning towards in the reform.