QUANTIQ takes its responsibilities with regard to the protection of personal data extremely seriously.
As you may have read in the press, The Court of Justice of the European Union has recently made a ruling in the Schrems II case with regard to the transfer of personal data. This ruling invalidates the Privacy Shield, which was a framework for transferring Personal Data to the USA, effectively making it illegal. It does not affect the use of Standard Contractual Clauses, which remain fully GDPR compliant.
As a result, and with immediate effect, QUANTIQ will be moving to using the Standard Contractual Clauses (SCCs) instead of relying on the Privacy Shield for all transfers of personal data out of the Europe Economic Area, Switzerland and the UK to the USA.
We are making this change solely to address GDPR compliance. The change does not give QUANTIQ any additional rights over personal data but rather tightens up the rules to make sure that personal data is adequately protected if transferred outside of the European Union.
Should you require any further information, please contact your QUANTIQ Account Manager or contact Peter Martin (QUANTIQ CIO) at email@example.com.
However please rest assured that QUANTIQ remains fully GDPR compliant.