FEDERAL DECREE-LAW NO. (45) OF 2021 ON PERSONAL DATA PROTECTION
Read the full text.
(more…)The California Consumer Privacy Act of 2018 (CCPA) stands to radically change the way organisations throughout the United States, and even the world, handle personal data. Coming into force on 1 January 2020, CCPA has motivated other U.S. states such as Washington and Texas to move toward having their own privacy laws. Increasingly, pressure is building in Washington, DC, to advance federal privacy legislation, both on the domestic and international scene. In addition to Japan obtaining a GDPR-adequacy recognition (followed soon by Korea and India), Brazil has adopted its General Data Protection Act (GDPA) which is heavily inspired by the EU GDPR and will come into force in August 2020. In this session, hear about the new laws and legislative initiatives, how they will change the way you do business internationally and how to get prepared.
Along with Delphine Charlot, CIPP/E, Senior Counsel, Privacy and Data Protection, Mastercard
More information on the Future of Transportation World Conference 2019 website.
Despite optimistic statements in 2016 on both sides of the Atlantic (in between the European Commission’s communication on connected cars for Europe, and the Obama administration’s Detroit Auto Show announcement), it would seem that some of the hype surrounding connected and autonomous vehicles (“CAVs”) faltered. One reason may be the desensitization of the general public, as the initially promised 2020 deployment is dawning without a hint of general commercial availability in sight. On the other hand, the intricacies of the regulatory frameworks at stake also hinder the development of consumer-ready offers.
More often than not, France is perceived as an administrative maze, yet may become (unexpectedly to some) a leader in the race to regulating this incoming industry. However, far more than being limited to the automotive industry, regulating CAVs will serve as the blueprint for an artificial intelligence (“AI”) legal framework.
(more…)While Capitol Hill is inundated with proposed privacy legislations from the Data Breach Prevention and Compensation Act (DBPCA), the CLOUD Act and the ENCRYPT Act, organizations the world over are trying to understand how to get their own regulations deemed adequate enough to ensure the flow of business in the EU, now that GDPR is a reality.
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The French Autorité des Marchés Financiers has recently published a synthesis of the contributions it received in response to its public consultation on Initial Coin Offerings (ICOs) to obtain stakeholder views on how these new types of blockchain offerings might be regulated.
The consultation included a presentation of ICOs, a warning on the risks they present, a legal analysis of ICOs with respect to the rules overseen by the AMF and the regulatory options proposed by the AMF. Respondents were invited to give their views on all of these points.
The English version of the synthesis can be found here, the French version here and our previous coverage of the consultation can be found here.
First published on K&L Gates Fintech Law Blog.
On 26 October 2017, France’s Financial Markets Authority, the “Autorité des Marchés Financiers” (“AMF”), published a discussion paper focusing on initial coin offerings (“ICOs”) that highlights the (many) dangers that arise from these unregulated transactions and discusses the regulation options that it currently foresees.
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Further to the adoption of Act no.2016-1691, dated 9 December 2016, on Transparency, Anti-Corruption and Modernization of Economic Life (“Sapin II” – see our compliance coverage here) and the public consultation whose results were made public on 30 August 2017 (see our coverage here), the French Ministry of Finance published a draft document aiming at adapting the French legal framework to the use of blockchain technology.
The proposed draft (which may be accessed here in French) address the possibility, for company, to register in a “shared electronic registry”:
The conditions under which such registration would possible expressly exclude any item admitted to the operations of a central depository or delivered in a system for the payment and delivery of financial instruments. In addition, the bylaws of the issuer must expressly provide for the possibility to use such shared electronic registries.
In any case, the French regulatory framework would subject to French law whenever the issuer is headquartered in France or the issuance itself is already governed by French law.
Additional technical measures will subsequently be devised by a supplementing Decree, in order to provide the required safeguards.
While assessing the relevancy of a blockchain framework for corporate titles remains difficult in the absence of such technical details, all players are welcome to provide the Ministry with observations on the proposed framework until 9 October 2017.
First published on the K&L Gates Fintech Law Blog with Emilie Oberlis.