The Swedish presidency of the EU Council circulated the fifth compromise text on the Data Act, obtained by EURACTIV, introducing the possibility of refusing data-sharing requests if they risk causing severe economic harm.

The Data Act is a flagship legislation to regulate how industrial data is ported, accessed and shared. The European Parliament will formalise its position on the file by mid-March. Sweden, which holds the rotating presidency of the Council of EU ministers, is striving for a similar timeline, with text close to final.

The compromise will be discussed next Tuesday (28 February) at a meeting of the Telecom Working Party, a technical body of the EU Council that prepares the groundwork for ministerial approval in the legislative procedure.