A company is hesitating between Binding Corporate Rules and Standard Contractual Clauses as a global data transfer solution. Which of the following statements would help the company make an effective decision?
A.
Binding Corporate Rules are especially recommended for small and medium companies.
B.
The data exporter does not need to be located in the EU for the standard Contractual Clauses.
C.
Binding Corporate Rules provide a global solution for all the entities of a company that are bound by the intra-group agreement.
D.
The company will need the prior authorization of all EU data protection authorities for concluding Standard Contractual Clauses.
C. Binding Corporate Rules provide a global solution for all the entities of a company that are bound by the intra-group agreement. BCRs offer a cohesive, organization-wide framework for data protection across multiple jurisdictions, which can be particularly beneficial for large multinational corporations.
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Ssourav
4 months ago