European Commission adopts two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries. They reflect new requirements under the General Data Protection Regulation (GDPR) and take into account the Schrems II judgement of the Court of Justice. The new tools will offer more legal predictability to European businesses and help SMEs to ensure compliance with requirements for safe data transfers, while allowing data to move freely across borders, without legal barriers.”]
Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2847