European Union
On November 9, the European Parliament approved the Data Act, harmonizing rules on fair access to and use of Internet of Things (“IoT”) data
Key aspects
- As part of the European strategy for data, the new legislation establishes rules on sharing and mutualizing the data generated by IoT-connected products and related services and aims to drive industry in the sector.
- The new rules extend to various stakeholders, including manufacturers of connected products and providers of related services, users, data holders and recipients, state bodies, data-processing service providers, and micro, small and medium-sized enterprises (but with some exemptions and benefits).
- The Council will formally approve the Data Act, which will be published in the Official Journal of the European Union. After its publication, the 20-month transitory period will begin, giving the different entities covered by this regime the necessary time to adjust to the new rules.