It is still uncertain when and whether at all EU-U.S. Privacy Shield will be adopted and enter into force. In mean time, Bloomberg BNA has prepared and published a white paper which examines “the challenges that U.S. and EU regulators encountered in reaching the Privacy Shield agreement, the additional privacy protections companies will be required to commit to under the agreement, and those aspects of the Privacy Shield framework that might cause a company previously self-certified under the Safe Harbor to consider alternative mechanisms”.
This white paper will let you better understand what Privacy Shield would require of companies if approved by the European Commission. (Free registration is required to access report.)
Access White Paper