11/12/2021
New rules for foreign subsidies - The European Commission’s approach to level the playing field
The Proposal builds on a Commission White Paper published for consultation in June 2020.
Government Regulation
11/12/2021
CNPD publishes new guidelines on cookies
Cookies can be used for different purposes, i.e. to recognize a user's language choice or the products that the user had placed in his/her basket during a previous shopping session.
11/11/2021
Irish Central Bank emphasises climate-related expectations for financial firms
The CBI’s supervisory expectations apply to all regulated financial services providers as defined by Section 2 of the Central Bank Act 1942.
11/11/2021
US Federal Trade Commission Adopts Prescriptive Data Security Requirements and Other Updates to Its Gramm-Leach-Bliley Act Safeguards Rule
The Final Rule will take effect one year after its publication in the Federal Register
11/11/2021
European Parliament formally adopts EU public Country-by-Country Reporting
A breakthrough was achieved in February 2021 in the Council of the EU, as a result of certain countries changing their previous position and agreeing to support the proposal.
11/10/2021
Future regulatory framework – Treasury to reform regulation post-Brexit
The consultation proposes changing this principle to clarify that such growth should happen in a sustainable way that is consistent with the UK’s net zero commitments.
11/09/2021
NYDFS Clarifies Application of Cybersecurity Regulation to Covered Entities Adopting an Affiliate’s Cybersecurity Program
The Affiliate Program Letter poses a challenge for foreign banks with New York branches, agencies or representative offices that is less likely to exist for US-based financial groups that are subject to comprehensive regulation in the United States.
11/09/2021
Pension transfer regulations designed to curb scams
That section of the Act provides the government with scope to place conditions on the transfer of savings that need to be met before savers can exercise their statutory right to transfer their money to other schemes.
11/09/2021
Dutch clampdown on greenwashing claims in clothing sector
The regulator can impose fines or periodic penalty payments on companies that mislead consumers about the sustainability of their products.
11/09/2021
UK regulator raises concerns over cost of processing card payments
The PSR said it would now work with the payment services provider industry to develop remedies that increase merchant engagement and make sure the market works better for them.
11/08/2021
Weaponised Chinese 'GDPR' now launched
Our China team looks at the third and final draft of the PRC Personal Information Protection Law.
11/08/2021
Middle East data protection update
Vin Bange and Adnan Chida look at recent developments in data protection and cybersecurity in Qatar, Saudi Arabia and UAE.
11/08/2021
A Guide to Blockchain and Cryptocurrency Regulation 2022 (GLI chapters): Bermuda, Cayman Islands and Jersey
The Carey Olsen chapters provide analysis and commentary on blockchain and cryptocurrency regulation in Bermuda, the Cayman Islands and Jersey.
11/08/2021
Anti-discrimination law update – votes, votes and more votes
Update on the Guernsey proposals for protection from discrimination for individual religious or philosophical beliefs
11/08/2021
Building owners and Victorian government given more time to take legal action on cladding
The changes extend the limitation period for cladding building actions which would have otherwise expired on or after 16 July 2019 but before 1 December 2023.
11/07/2021
Hong Kong SFC disciplines first manager-in-charge
The SFC imposed a fine of HK$3.3 million on Fulbright Securities Limited
11/06/2021
Key Challenges of Regulatory Reporting
As this conversation continues to unfold, firms will need to pay close attention if they are to enhance their regulatory reporting and avoid enforcement action.
11/05/2021
New TCFD guidelines change greenhouse gas reporting requirements
The TCFD’s guidelines were published in 2017 and say that companies should undertake scenario-planning for different levels of global warming and should disclose medium and long term emissions targets.
11/05/2021
FCA’s data lead sets out the regulator’s data agenda
The speech provided a useful round-up of the FCA’s focus on data across its operations and activities.
11/05/2021
UK considers new IP right for AI
The expansion of the existing text and data mining exception to copyright is also under consideration, which could have significant impacts on the use of big data in the future.