Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Our global cyber risk team advises many of the world’s leading corporations and can work with you to manage and mitigate your data protection, privacy and cybersecurity risks – from developing internal policies and procedures to drafting comprehensive response plans and conducting simulated cyber incidents to stress test your plans.
When a cybersecurity incident occurs, you need an emergency response team who can co-ordinate the legal, regulatory, IT and PR aspects, maintain privilege over sensitive communications, and minimise financial loss and reputational damage. We have an established track record of dealing with the types of multi-jurisdictional cyber incidents facing large financial institutions and multi-national corporations.
Download our brochure to find out more about our cyber risk management solutions.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).