Other, market-related EU regulations - crucial for UK's digital economy

European Commission plans to impose regulations on Internet of Things (IoT)

• Currently, non-personal (non-PII) data (e.g. sensors data, satellite imagery, purchase transaction records) still aren't covered by any regulatory frameworks...
• EU Commission envisions a single market for the IoT sector.
• Plans are to adjust the current legal framework regarding data protection, safety and liability to suit emerging issues: data ownership, access and reuse of non-personal data in an industrial context

How will EU regulate IoT?

• "Trusted IoT" framework meant for building consumers' trust
• Certification program for IoT devices will be introduced, with rigorous validations to encourage implementation of high privacy and security standards

Why is this important?

• Maintaining high standards of privacy in security for IoT will benefit digital market - users will turn towards trusted solutions
• It will help protecting against widescale network attacks (such as the recent IoT botnets
• Entry to European digital market might become barred for products not meeting these standardised requirements. If UK wants to sell their products to EU markets, compliance with EU rules is mandatory