Impact of the draft EC data protection regulation on the life sciences sector
The draft EC data protection regulation proposes a number of changes to the EU data protection regime, which, if adopted, will have significant implications for data controllers and data processors in the life sciences sector.
Collection and analysis of personal health data is fundamental to the extensive research that takes place in the industry in order to develop and supply safe and effective medical products, which are vital to society as a whole. However, such data is often highly sensitive and the commission’s desire to increase protection for data subjects may significantly increase the compliance burden on those processing personal data in this field.
Compliance with data protection laws already represents a considerable challenge for pharmaceutical companies, clinical research organisations, laboratories, sponsors, statisticians and a host of other data controllers and processors involved in clinical trials. Since such projects commonly involve parties based all over the world, they require significant international transfers of sensitive personal data. Furthermore, it is not always clear whether such organisations will be considered controllers or processors, meaning that navigating, for example, the restrictions on cross-border transfers and implementing appropriate solutions can prove a very complex exercise…
If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world