Binding Corporate rules
Binding Corporate Rules ("BCR") are internal rules (such as a Code of Conduct) adopted by multinational group of companies which define its global policy with regard to the international transfers of personal data within the same corporate group to entities located in countries which do not provide an adequate level of protection.
BCR are used by multinational companies in order to adduce adequate safeguards for the protection of the privacy and fundamental rights and freedoms of individuals within the meaning of article 26 (2) of the Directive 95/46/CE for all transfers of personal data protected under a European law.
To that extent, BCR ensure that all transfers made within a corporate group benefit from an adequate level of protection.
Once approved under the EU cooperation procedure, BCR provide a sufficient level of protection to companies to get authorisation of transfers by national data protection authorities ("DPA").
More information on Binding Corporate Rules in the section "Data transfers outside the EU":