The Analysis News & Opinions
Opinion
The new Brexit deal outcome – a response
Extended period for personal data flows
We welcome the deal outcome between the EU and the UK as the EU (Future Relationship). As the detail of the agreement is worked through, it is important any friction and red tape is kept to a minimum whist ensuring it also reinforces the opportunity to pursue an exciting energy future. We have consistently stated that a deal
would be the best outcome for our industry. We therefore welcome the agreement and thank both the UK and EU for their efforts in securing this trade deal. We continue to work through the details
with our members, the government, and the broader business community to ensure that every opportunity is taken to minimise and manage any potential disruption to goods and services in the energy sector, as well as limiting inefficiencies and red tape as changes are implemented. With anticipated agreement for the deal there is no time to waste, and it must also mark a renewed ambition in pursuit of an exciting energy future. We look forward to progressing the North
Sea Transition Deal in the new year, which was supported in the government’s Energy White Paper and will unlock the full potential of our changing sector as a partner to deliver net zero. Through making the most of our domestic
resources and putting our essential expertise to work, we can continue to provide jobs and opportunities in energy communities across the UK, while providing the affordable and lower carbon energy needed by millions across the country.
Deirdre Michie Chief executive, OGUK
The government has announced that the Treaty agreed with the EU will allow personal data to flow freely from the EU (and EEA) to the UK, until adequacy decisions have been adopted, for no more than six months. This will enable businesses and public
bodies across all sectors to continue to freely receive data from the EU (and EEA), including law enforcement agencies. As a sensible precaution, before and
during this period, the ICO recommends that businesses work with EU and EEA organisations who transfer personal data to them, to put in place alternative transfer mechanisms, to safeguard against any interruption to the free flow of EU to UK personal data. As previously announced, the UK has, on
a transitional basis, deemed the EU and EEA EFTA States to be adequate to allow for data flows from the UK.
Elizabeth Denham Information commissioner, Elizabeth
Denham said: “This is the best possible outcome for UK organisations processing personal data from the EU. “This means that organisations can be
confident in the free flow of personal data from 1 January, without having to make any changes to their data protection practices.”
CCR and HighRadius agree partnership
CCR and HighRadius have announced a major new partnership that will aim to bring knowledge and discussion to the industry. The two have agreed to partner to bring
a series of learning opportunities to the industry, including articles contributed by HighRadius, two research projects and virtual round-table debates, and an interview with a senior figure. Stephen Kiely, editor of CCRMagazine,
said: “Our priority will always be to bring our readers the most relevant information and analysis, so we are very proud to be working with such an important industry organisation on a on a year’s programme to do just that. I know that this will be a suc- cessful collaboration and that we will be able to continue with our mission to inform in these changing times.
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www.CCRMagazine.com “We will be starting to work towards the
first research project and virtual debate very shortly, so I would encourage everyone to watch this space for further information! HighRadius provides a cloud-based
Integrated Receivable Platform, powered by artificial intelligence. Its technology empowers organisations to reduce cycle time in the order-to-cash process and increase working capital availability by automating receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. Find out more at
www.highradius.com.
January 2021
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