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Answer:
The existing controller-controller and controller-processor Model Contracts will be grandfathered. The EU GDPR removes any need to obtain authorization from a supervisory authority.
So the Model Contracts will remain valid after the EU GDPR comes into force so no need to change them even if they refer to the Directive.
To find out more about cross border data transfers don`t miss our upcoming webinar “How to make personal data transfers to other countries” https://advisera.com/webinars/how-to-make-personal-data-transfers-compliant-with-gdpr-free-webinar-on-demand/
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May 04, 2018