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Remove EU Currency Field into the Standard Confidentiality Agreement

Remove EU Currency Field into the Standard Confidentiality Agreement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the clause 8.9 of standard contractual clauses?

8.9 Documentation and compliance (a) Each Party shall be able to demonstrate compliance with its obligations under these Clauses. In particular, the data importer shall keep appropriate documentation of the processing activities carried out under its responsibility.

How do I remove a currency field in Salesforce?

You cannot delete CurrencyIsoCode field, Once Multi-Currency is activated in your org you cannot be deactivated.

Why Croatia does not have euro?

This had to be at least two years after Croatia joined the ERM II (in addition to it meeting other criteria). The Croatian National Bank had anticipated euro adoption within two or three years of EU entry. However, the EUs response to the financial crises in eurozone delayed Croatias adoption of the euro.

What is clause 17 of the SCCs?

Clause 17: governing law Parties to specify the Member State. For C2P or P2P only, parties may select for Clauses to be governed by law of the Member State where the data exporter is established, provided this allows for 3rd party beneficiary rights.

What is clause 13 of new SCCs?

The clause 13 (Supervision) of SCCS. Data exporter is established within the EEA; 2. Data exporter is established outside the EEA but is nevertheless subject to the GDPR and has appointed an authorized representative in the EEA pursuant to Art.

What is the new SCCs docking clause?

Under the new SCCs, the docking clause allows the existing parties in a contractual relationship to add new parties to the data transfer agreement throughout the lifecycle of the agreement.

What is the clause 14 of the SCCs?

Clause 14 makes the transfer risk assessment that is required following the Schrems II decision (discussed here) an important contractual obligation. Failing to perform a transfer risk assessment is now no longer just a matter of ignoring EU case law (never a good idea, of course).

What changed in the SCCs?

New SCCs were introduced in June 2021 (the New SCCs) and these must be used for transfers of personal data from the EU to third countries from 27 September 2021, in respect of contracts entered into on or after that date.

What is clause 13 of the EU SCCs?

Under the new EU standard contractual clauses (EU SCCs), clause 13 provides provisions for appointing a representative and the competent supervisory authority.

What is the new SCCs Clause 8?

The new SCCs also place docHub additional obligations on the data exporter and data importer. Firstly, clause 8 requires the data exporter to warrant that it has used reasonable efforts to determine that the data importer is able to satisfy the obligations of the SCCs.

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