Responding to the cry for clarity that emerged after the E.U. Court of Justice handed down its judgment in Schrems II, the European Data Protection Board quickly addressed businesses’ most urgent concerns by answering frequently asked questions. The EDPB favored speed over substance in publishing its initial responses, although it did commit to further developing and complementing the guidance in the near future, Alston & Bird Brussels office partner Wim Nauwelaerts argues in this guest article. Nauwelaerts reviews the impact of the Schrems II decision, analyzes the EDPB’s FAQs and discusses what lies ahead for businesses that want to continue transferring data from the E.U. to the U.S. See “Ten Initial Steps for E.U. and U.S. Companies in Light of Schrems II Ruling” (Jul. 22, 2020).