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European Union

DATA Act

Regulation (EU) 2023/2854

Regulation ensuring fair access to and use of data within the EU. Aims to promote innovation and create a single European data market.

Scope:

European Union

Effective date:

September 12, 2025

Who does it apply to?

Organizations generating, holding, or using data within the EU.

Examples:

A manufacturer sharing data from connected devices with third-party service providers.

Impact:

Enhanced data sharing, increased competition, and support for data-driven services.

Risk of non-compliance:

Compliance challenges, risk of data misuse or confidentiality breaches.

Fines:

Member States set penalties that are effective, proportionate, and dissuasive; serious infringements can lead to administrative fines in line with GDPR (up to €20M or 4% of global turnover).

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