Why the U.K.'s vote to leave the EU will have little effect on its data protection rules

With the haircut that the sterling-euro exchange rate has taken in the wake of the U.K.'s vote to leave the European Union, the U.K. has suddenly become a low-cost country for companies wishing to host or process the personal information of EU citizens.

As for U.K. businesses hoping for more relaxed data protection rules in the wake of the referendum vote, they will have to wait -- perhaps for a very long while.

That's because many of the rules that the 51.9 percent who voted to leave the EU hoped to escape are, in fact, firmly part of U.K. law, and will only go away if the U.K. Parliament votes to repeal them.

And it can't do that until it has negotiated its exit from the EU, which is a matter of international treaty and not the will of the people.

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