Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Employment law and regulation changes frequently and it can be difficult for businesses to keep track of the latest developments and insights.
To keep clients up to date on developments in the industry as they happen, we have created an Employment and labor hub as part of our NRF Institute, consolidating our news, blog posts and briefings, and jurisdictional changes set out in our Global employment law cross-border guide.
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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).