Meta will be unable to offer Facebook and Instagram in Europe if regulators there determine that the current legal basis used by the company for cross-border data transfers is invalid, the company said in a filing with the US Securities and Exchange Commission. The European Union's General Data Protection Regulation (GDPR) prescribes the grounds under which data can be transferred from the EU to a third country, and the Irish Data Protection Commission (IDPC) issued a preliminary draft decision in August 2020 stating that Facebook is not in compliance with the regulation. A final decision in this inquiry is expected in the first half of 2022, the company said. "If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to…
