Following the publication of the new Data Protection Regulation in 2012, the DLA Piper EU Regulatory team are working closely with insurance and reinsurance clients to identify and mitigate the risk associated with the proposed framework. As the Regulation is being discussed currently at European Parliament level there is still an extensive opportunity to influence and understand the outcome of the policy framework in Europe.
Despite extensive policy discussions prior to the summer recess, there is still little agreement concerning the determination of a compromise position between political groups to the amendment of the European Commission originating text at European Parliament level. Following the tabling of over 3000 amendments by the various Members of the European Parliament ("MEPs"), the lead MEPs for the political groupings are seeking to try and negotiate amendments and condense this list into positions which have a broader political consensus.
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