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European Union regulatory guidance on preparing for the bloc’s new privacy regime may change once the General Data Protection Regulation (GDPR) takes effect in May 2018.

Although companies are eager for guidance on the complex GDPR privacy and data security requirements they may not get official final guidance until it is formally adopted by the new European Data Protection Board. Multinationals from outside the EU and thousands of companies based inside the bloc will rely on the official guidance to make decisions on how to handle personal data.

Even guidance that is now labeled “final” could change, because the Article 29 Working Party of privacy officials from the 28 EU countries that is issuing the guidance will be ceding that power to the new advisory body, European Data Protection Supervisor Giovanni Buttarelli said.

By Stephen Gardner. Read the article in full at Bloomberg BNA.

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