The majority of the provisions of the EU Data Governance Act 2022 (DGA) took full effect across the EU on 24 September 2023, following a transitional period of 15 months from when the Act entered into force on 23 June 2022. This development was reported by Allen & Overy LLP.
The DGA targets enhancements in data availability and data sharing by promoting data sharing both through the supervision of new data intermediaries and through encouraging data sharing for altruistic motivations.
The provisions of the DGA generates largely substantial implications for corporations, particularly in their data management and privacy strategies. Organizations operating within the EU or dealing with EU data will need to review their data handling processes to ensure compliance with the new stipulations of this Act.
An acute understanding of this Act is indispensable for legal professionals advising corporations on their data governance frameworks, as it crucially reforms how data sharing is regulated within the EU. The DGA, with its newly become provisions, will most likely instigate significant changes in corporate data handling procedures and in the legal advisories surrounding them.