On April 13, the Article 29 Data Protection Working Party announced a decision to reject the EU-US Privacy Shield agreement as drafted and requested changes based upon the following concerns, on which we provide some initial analysis.
A number of data protection authorities (DPAs) around the globe have issued press releases confirming their involvement in the 2016 global privacy “sweep”, which kicked off on April 11th.
The protection afforded to trade secrets is disparate across the EU.
The European Securities and Markets Authority (ESMA) has announced that it will publish its first EU-wide stress tests for central counterparties (CCPs) on 29 April 2016.
The Paris Agreement, adopted by 195 countries following the 21st session of the Conference of Parties (COP 21), is the first multilateral agreement on climate change that covers almost all of the world’s emissions.
EU-US Privacy Law Remains Unsettled After Article 29 Working Party Demands Changes to Proposed Privacy Shield Agreement
On April 13, 2016, the Article 29 Data Protection Working Party (Working Party) refused to endorse the proposed Privacy Shield agreement between the United States and European Commission (Commission) slated to replace, as early as this summer, the recently invalidated “Safe Harbor” agreement between the two powers.
The European Commission has launched a public consultation on the current text of the ePrivacy Directive 2002/58/EC as well as the possible changes to the existing legal framework to make sure it is up to date with the new challenges of the digital age. The e-Privacy Directive sets out specific data protection rules for the electronic communications sector.
The General Data Protection Regulation (GDPR) was finally approved by the EU Parliament on 14 April 2016.
On April 12, the European Securities and Markets Authority (ESMA) published an opinion (Opinion) addressed to the European Parliament, European Council and European Commission (EC), on the potential for a European framework on loan origination by investment funds.