Is your business ready to comply with the EU Data Act? Compliance will be enforceable from 12 September 2025 by the UK’s regulator. Non-compliance could result in a range of legal, financial, and operational consequences for your business.
To comply with the EU Data Act, a company must focus on improving the accessibility, portability, and sharing of co-generated data held within the European Union.
You must also be able to provide evidence of compliance via:
- formal reporting across all qualifying data types,
- use transparent contracts for data sharing and processing,
- follow strict security measures and deploy trained staff,
- update policies and processes for client and third party data requests, whilst
- respecting privacy/ confidentiality, aligned to GDPR.
Fines to up to 4% of a company’s global annual turnover or up to €20 million maybe imposed for non-compliance.
If data sharing or access is not done correctly and negatively impacts individuals or businesses, you may also be liable to compensate affected parties. The associated reputational damage and possible loss of business partnerships could impact future growth and innovation prospects.