European Parliament adopted its position on the proposed data protection regulation

Last week, The European Parliament voted in favor of the draft of data protection regulation, which was proposed to replace the 1995 Data Protection Directive. According to Bloomberg BNA, there are several significant changes in the approved draft, including high fines for companies breaching the regulation, tighter rules on consent, more transparency, as well as rules regarding data transfers to countries outside of EU. It should be noted that the proposed regulation is different from the previous Directive in its legal status: once passed, it will be a binding law on its own, whereas the Directive set out a legal framework to be incorporated into the law of each member nation.

What's the implication for Canada? We know that Canada's PIPEDA has been previously recognized by the European Commission as providing adequate measures for personal data protection. If the above draft or its revised version does come into force, does this imply potential changes to our law as well?

 The original article is here.