In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for November 2020. Continue reading
Tag: Data Collection
Our investigations team has published an article for Thomson Reuters Regulatory Intelligence looking at the impact of data privacy laws on investigations in Asia. This also summarises the potential impact of Europe’s GDPR and what else is on the horizon trans-nationally. Continue reading
The Cyberspace Administration of China (CAC) has published its Measures for the Security Assessment for Personal Information and Important Data Exported Abroad (Draft for Comments) (Draft Measures) on 11 April 2017. The Draft Measures, if enacted, will become the first regulation to impose general data localisation obligations in China.
On 1 October, new binding provisions came into force in China governing the collection, extraction and review of electronic data in criminal investigations.
The Provisions contain procedures for the retrieval of electronic data inside and outside China. Foreign companies operating in China, as well as those headquartered in China with branches overseas should familiarise themselves with the Provisions and ensure compliance (both by them and by investigators). Since the Provisions strengthen and formalise the framework for seizing electronic data, we may see an uptick in dawn raids, although it is too soon to say.
The FSA has published its final rules on professionalism in the context of delivering the Retail Distribution Review (RDR) in policy statement PS11/1. This completes the policy requirements of the RDR, and now that “all the building blocks are in place”, the FSA expects advisers to consider what they still need to do to ensure they meet the new standards that will apply from 2013.
This e-bulletin summarises the key points in relation to the governance of professional standards and data collection. Continue reading