At its meeting on October 7, 2013, the Council of the European Union voiced support for the “one-stop-shop” mechanism in the draft General Data Protection Regulation (the “Regulation”).
In January 2012, the European Commission presented a legislative package to update the core data protection principles enshrined in the 1995 Data Protection Directive (Directive 95/46/EC).
On Monday, a European Parliament Inquiry established to investigate the recent U.S. National Security Agency (NSA) surveillance revelations indicated that its final report would recommend suspension of the popular EU-U.S. Safe Harbor Framework.
In a series of recent rulings, the European Court of Justice overturned economic sanctions issued by the Council of the European Union (EU) on several Iranian banks and shipping lines.
The AIFMD trigger date occurred on 22 July this year, with a 12-month transitional period (TP) in place in the UK for (i) existing UK managers of AIFs (UK AIFMs), and (ii) non-EU managers of AIFs (Non-EU AIFMs) actively marketed in the UK prior to the trigger date.