The European Commission adopted a new set of Standard Contractual Clauses (which came into effect on 27 June 2021) for the transfer of personal data to non-EU regions (“New SCCs”). From 27 September 2021 onwards, data exporters and data importers can only conclude contracts incorporating the New SCCs for the transfer of personal data out of the European Union. The PCPD publishes, for public reference, a set of frequently asked questions and answers on the implementation framework of the New SCCs and the obligations of parties entering into cross-border data transfer agreements using the New SCCs.
For more information, please refer to the set of frequently asked questions and answers:
https://www.pcpd.org.hk/english/data_privacy_law/eu/files/eu_faq.pdf