29.12.2020
The EU has left insufficient time to ratify data adequacy decisions before the end of the year.
It has been agreed with the EU that for limited time a ‘bridging mechanism’ will be implented. This will allow personal data to continue to flow as it does now whilst EU adequacy decisions for the UK are adopted, and for no more than 6 months.
We do not expect the bridging mechanism to be in place for more than 4 months.
As a sensible precaution, before and during the bridging mechanism, businesses and other organisations should consider putting in place alternative transfer mechanisms to safeguard against any interruption to the free flow of EU to UK personal data.
More detail on the "data transition" clause is at page 406 of the agreement here.
Read more from the ICO here