Article 47: Binding corporate rules
agent:eu:gdpr:art-47 · sha256 50c775656d36ff97
Turnover framework under the act
- Art. 83(4): up to the higher of EUR 10,000,000 / 2 % of worldwide annual turnover
- Art. 83(5): up to the higher of EUR 20,000,000 / 4 % of worldwide annual turnover
- The framework follows from article 83.
Affected roles
Not in the register yet.
Affected industries
Not in the register yet.
Obligations
Not in the register yet.
Article text
1. The competent supervisory authority shall approve binding corporate rules in accordance with the consistency mechanism set out in Article 63, provided that they:
(a)
are legally binding and apply to and are enforced by every member concerned of the group of undertakings, or group of enterprises engaged in a joint economic activity, including their employees;
(b)
expressly confer enforceable rights on data subjects with regard to the processing of their personal data; and
(c)
fulfil the requirements laid down in paragraph 2.
2. The binding corporate rules referred to in paragraph 1 shall specify at least:
(a)
the structure and contact details of the group of undertakings, or group of enterprises engaged in a joint economic activity and of each of its members;
(b)
the data transfers or set of transfers, including the categories of personal data, the type of processing and its purposes, the type of data subjects affected and the identification of the third country or countries in question;
(c)
their legally binding nature, both internally and externally;
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