Source: China Trade News
The European Council has formally approved the Data Governance Act (DGA). The bill will be submitted to the President of the European Parliament and the President of the European Council for signature, will be published in the Official Journal of the European Unio, and will come into force in June.
The Data Governance Act aims to increase the availability of data by enhancing trust in data intermediaries and enhancing data sharing mechanisms across the EU. Specific measures include making public sector data reusable under the premise of safeguarding individual rights and promoting paid sharing between companies Data, allowing individuals to use data with the help of data intermediaries to facilitate the use of data for purposes of public interest.
In addition, the Data Governance Act will establish mechanisms for public sector data reuse and data intermediation. The former refers to the safe reuse of certain categories of public sector data, including trade secrets, personal data and data protected by intellectual property. From a technical point of view, public sector agencies that allow data reuse need to be properly equipped to ensure that privacy and confidentiality are adequately protected. If justified and necessary, exclusive arrangements may be made for the reuse of public sector data to provide services of general interest. Among them, the maximum duration of existing contracts is 30 months, and the maximum duration of new contracts is 12 months. The latter refers to the establishment of a data-sharing service provider that remains neutral in exchanging data. By providing a secure environment in which companies or individuals can share data.
For companies, data intermediaries can take the form of digital platforms that support voluntary data sharing between companies and facilitate compliance with data sharing obligations under the Data Governance Act and other legislation at the European or national level. Through data intermediaries, companies will be able to share their data without fear of data being misused or losing a competitive advantage. For personal data, data intermediaries will assist individuals in exercising their rights under the General Data Protection Regulation. Help people take full control of their data and allow it to be shared with trusted companies. This can be achieved through personal information management tools, such as personal data spaces or data wallets, which are applications that share such data with others on the basis of the consent of the data holder. Data intermediaries are required to file with a designated competent authority, and since they are not allowed to use the shared data for other purposes, they cannot directly benefit from the data, although they may be charged for the transactions they conduct.
