Common use of Adequacy Clause in Contracts

Adequacy. Subject to ongoing compliance with the commitments on privacy and protection of personal data set out in this Agreement, the U.S. Treasury Department is deemed to ensure an adequate level of data protection for the processing of financial payment messaging and related data transferred from the European Union to the United States for purposes of this Agreement.

Appears in 5 contracts

Sources: Agreement Between the European Union and the United States of America on the Processing and Transfer of Financial Messaging Data, Agreement on the Processing and Transfer of Financial Messaging Data, Agreement on the Processing and Transfer of Financial Messaging Data

Adequacy. Subject to ongoing compliance with the commitments on privacy and protection of personal data set out in this Agreement, the U.S. Treasury Department is deemed to ensure an adequate level of data protection for the processing of financial payment messaging and related data transferred from the European Union to the United States for the purposes of this Agreement.

Appears in 2 contracts

Sources: Agreement on the Processing and Transfer of Financial Messaging Data, Agreement on the Processing and Transfer of Financial Messaging Data