In conjunction with Data Protection Day/Data Privacy Day, which is observed on January 28, the International Chamber of Commerce has issued comments on the European Union’s proposed General Data Protection Regulation. ICC warned that its lack of clarity on certain requirements, together with the excessive burdens it would place on companies, would chill innovation and weaken the EU’s ability to attract investment. ICC said it was particularly concerned about the proposal’s effect on small- and medium-sized companies.
Christopher Kuner, co-chair of the ICC Commission on the Digital Economy’s task force on privacy and personal data protection said: “The protection of fundamental rights and the promotion of innovation and economic progress, which have been the defining goals of European Union data protection and privacy efforts for the last two decades, are also the goals of the proposed regulation. However, ICC believes that changes need to be made to the proposed regulation to better promote these two goals.”
Read more on ICC’s website.