Beginning 17 January 2025, the Digital Operational Resilience Act (DORA) will apply to almost all EU financial entities, including banks, insurers and reinsurers, brokers , payment and electronic money institutions,...more
1/20/2025
/ Cryptoassets ,
Cybersecurity ,
Data Security ,
Digital Operational Resilience Act (DORA) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Information and Communication Technology (ICT) ,
Information Technology ,
Regulatory Requirements ,
Risk Management
On 18 December 2024, the German Parliament (Bundestag) passed the Act on the Digitalization of Financial Markets (Finanzmarktdigitalisierungsgesetz, the "Act"). The Act is intended to complement key measures of the European...more
12/24/2024
/ Capital Markets ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Operational Resilience Act (DORA) ,
EU ,
European Commission ,
Financial Markets ,
Financial Services Industry ,
Germany ,
Regulatory Oversight
On 17 October 2024, the European Commission adopted the first Implementing Regulation under the Network and Information Security 2 Directive (EU) 2022/2555 (NIS2), focusing on digital infrastructures and services. The...more
10/21/2024
/ Cloud Computing ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Centers ,
Data Protection ,
EU ,
European Commission ,
Incident Response Plans ,
Infrastructure ,
Member State ,
New Regulations ,
Online Marketplace ,
Regulatory Requirements ,
Risk Management
The Network and Information Security 2 Directive (EU) 2022/2555 ("NIS2") entered into force on 16 January 2023. NIS2 sets cyber rules for organizations whose services are considered essential or important for maintaining...more
8/5/2024
/ Compliance ,
Cybersecurity ,
Data Protection ,
Data Security ,
EU ,
EU Directive ,
European Commission ,
Member State ,
New Legislation ,
Public Policy ,
Risk Management
NETWORK AND INFORMATION SECURITY 2 DIRECTIVE (NIS2) -
WHO WILL BE IN SCOPE?
Operators of essential and important services across various sectors including energy, transport, banking, health, medical devices, chemicals...more
3/14/2024
/ Artificial Intelligence ,
Cybersecurity ,
Data Management ,
Digital Marketplace ,
Digital Services ,
EU ,
Extraterritoriality Rules ,
FinTech ,
Information Security ,
Information Technology ,
Innovative Technology ,
Network Security ,
Popular
The EU Data Act came into force on January 11, 2024. The Data Act is part of the European Commission’s data strategy released in February 2020 and obliges manufacturers of connected products to make use-related data available...more
What is a Management Body? Under both DORA and NIS2, a management body can be a body with managerial and/or supervisory functions. The powers and structure of management bodies vary within the EU Member State, and managerial...more
3/8/2024
/ Compliance ,
Cybersecurity ,
Data Breach ,
Due Diligence ,
EU ,
European Commission ,
Financial Services Industry ,
Information Technology ,
Liability ,
Member State ,
Policies and Procedures ,
Risk Mitigation ,
Supply Chain ,
Third-Party Service Provider
The opinion was issued in response to a request by the French Data Protection Authority and provides guidance on the conditions for determining a controller's main establishment where that controller has establishments in...more
2/29/2024
/ Cybersecurity ,
Data Breach ,
Data Protection ,
Data Protection Authority ,
European Data Protection Board (EDPB) ,
France ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Lead Supervisory Authority ,
New Guidance ,
Personal Data ,
Regulatory Requirements
On 20 December 2023, the UK Supreme Court unanimously held that UK patent legislation does not permit an AI system to be named as the "inventor" in a patent application. In doing so, the UK Supreme Court reaffirmed earlier...more