Organisations that self-certify under the new EU-US Privacy Shield by 30 September 2016 will benefit from a "grace period" of 9 months, starting from the date upon which they certify, at the end of which their data processing agreements must be in conformity with the Accountability for Onward Transfer principle.
More information is available in the Q&A of the Privacy Shield webpage.
As self-certification currently takes approx. 12 days, companies must seize this opportunity now to benefit from the grace period.
Act quickly !