Do the draft CCPA Regulations make a big difference in compliance costs where it comes to privacy notices? Standardized Regulatory Impact Assessment (SRIA) of the economic impact of the draft CCPA Regulations says – maybe not.
The SRIA issued together with the draft regs does not see any incremental economic impact to the regulations’ provisions on privacy notices, stating that the proposed requirements are what businesses would likely do anyway.
“Because notification requirements are required under the CCPA, the economic impacts of developing these notifications are part of the regulatory baseline. The DOJ regulations provide guidance to businesses on how they must structure the notification requirements but the resources required to do this are not likely to be different than what businesses would otherwise do to meet CCPA requirements.”
Other sections of the regulations are expected to include costs. See the chart below: