Just before the Christmas break it was announced on the 15 December 2015 that the EU Parliament and the EU Council of Ministers had managed to finalise the EU Data Protection reforms. The proposed reforming legislation is comprised of two pieces of legislation. Firstly there is the General Data Protection Regulation. Secondly there is the Data Protection Directive for police and judicial cooperation regarding criminal matters. It is likely that the Parliament and the Council will adopt the reforms early in 2016 with the new data protection regime coming into force two years later in 2018.
This finalisation of the two key pieces of EU data protection reform legislation is great news for companies as it will reduce uncertainty and allow companies (and other organisations to which the regime applies) to start planning compliance measures that will be necessitated by the new EU data protection regime.