Binding Corporate Rules (BCRs)
Internal data protection policies approved by EU data protection authorities for intra-group international transfers.
Binding Corporate Rules are data protection policies adhered to by a group of companies for transfers of personal data within the group to entities located in countries outside the EEA. BCRs must be approved by the competent supervisory authority and are legally binding on all members of the group. They must include: the structure of the group, the data transfers covered, legally binding nature, application of GDPR principles, data subject rights, mechanisms for ensuring compliance, and cooperation with supervisory authorities. BCRs are complex and expensive to implement (often taking 1-2 years), making them primarily suitable for large multinational organizations.