GDPR Provisions

Article 47

Binding corporate rules

  1. (1) The competent supervisory authority shall approve binding corporate rules in accordance with the consistency mechanism set out in Article 63, provided that they:
  2. (2) The binding corporate rules referred to in paragraph 1 shall specify at least:
  3. (3) The Commission may specify the format and procedures for the exchange of information between controllers, processors and supervisory authorities for binding corporate rules within the meaning of this Article. Those implementing acts shall be adopted in accordance with the examination procedure set out in Article 93(2).