AEPD: “RESOLUTION OF APPROVAL OF THE BINDING CORPORATE RULES OF THE FUJIKURA AUTOMOTIVE EUROPE GROUP (FAE GROUP)”

They are one of the first binding corporate standards to be approved at European level.

The RGPD states, in its recital 110, that ‘any business group or union of companies engaged in a joint economic activity should have the possibility to invoke authorised binding corporate rules for its international transfers from the Union to organisations within the same business group or union of companies engaged in a joint economic activity, provided that such corporate rules incorporate all essential principles and applicable rights in order to provide adequate safeguards for transfers or categories of transfers of personal data’.

 

Press release here

Resolution here , both only available in Spanish.

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