After a slowdown in 2022–US states are back at the drawing board of consumer privacy laws with four passing in the last month alone. Here, we break down what you need to know about the Montana and Tennessee bills. In brief The early months of 2023 have brought a bumper crop of new state privacy legislation, with Tennessee and Montana legislatures poised to become the eighth and ninth states to enact comprehensive privacy laws. The…
In brief Companies that export personal data out of China have roughly one month to adopt China’s Standard Contractual Clauses (“SCCs”) to comply with the Cyberspace Administration of Chinaâs (“CAC”) deadline of June 1, 2023. As outlined in previous client alerts, the SCCs are one of three mechanisms in place for cross-border data transfers from mainland China to other jurisdictions. Many multinationals will be impacted by these requirements because Chinese employment data, which is…
In Brief On March 15, 2023, the US Securities Exchange Commission (âSECâ) proposed amendments to Regulation S-P (âReg S-Pâ). If adopted, the amendments would introduce new data security and governance requirements for broker-dealers, investment companies, and investment advisers registered with the SEC. Background When the SEC first promulgated Regulation S-P in 2000, the goal was to ensure that covered entities establish adequate safeguards to protect customer information. The existing version consists essentially of two cornerstone…
In brief On February 28, 2023, the European Data Protection Board (“EDPB”) published its non-binding opinion on the European Commissionâs draft adequacy decision for the EU-U.S. Data Privacy Framework (“DPF”). As we have previously written, the DPF is intended to re-establish one of the legal mechanisms for transfers of personal data from the European Union (“EU”) to the U.S. The DPF replaces the EU-U.S. Privacy Shield (“Privacy Shield”), which the EU Court of Justice (“CJEU”)…
28 January 2023 is Data Protection Day (or Data Privacy Day outside of Europe), which marks the anniversary of the Council of Europeâs Convention 108. To mark Data Protection Day 2023, Baker McKenzieâs Global Data Privacy and Security Team is pleased to present this special edition update of key data protection and privacy developments and trends across the globe, as well summarising future legislative changes, predictions, and enforcement priorities to look out for during 2023.…
On December 13, the European Commission (âECâ) announced a draft decision on the adequacy of the U.S data protection regime to protect the personal data of European Union (âEUâ) residents, the EU-U.S. Data Privacy Framework (âDPFâ). The DPF, which was initially announced in March 2022 as a political agreement between the EU and the U.S., and then bolstered by President Bidenâs Executive Order (âEOâ) in October 2022, opens the door for an EU-U.S. data transfer…
This week, the California Privacy Protection Agency (“CPPA”) released modified proposed regulations (“Modified Regulations”) for compliance with the California Consumer Privacy Act (“CCPA”) and the California Privacy Rights Act (“CPRA”), and an explanation of the proposed changes, ahead of its upcoming Board Meetings. It is expected that the CPPA will discuss, and possibly adopt or modify further, the Modified Regulations during the CPPA Board Meetings which are scheduled for October 21-22 and October 28-29, 2022.…
On Tuesday, October 11, 2022, members of Baker McKenzie’s Global Data Privacy and Security Team, including Brian Hengesbaugh, Harry Valetk and Elizabeth Denham, presented at the Global Data Protection Program 2022 hosted by the Practising Law Institute. The program boasted an impressive line-up of data privacy experts from both government and industry to share practical insights. The half-day program was comprised of the following four segments: For More Information If you are interested to learn more about…
In March 2022, U.S. and EU leaders reached an agreement in principle on a new accord to protect data flows entitled the Trans-Atlantic Data Privacy Framework (“EU-U.S. DPF”). Today, the US Government has taken important steps to implement this critical data flow framework, and strengthen legal certainty for EU to US personal data transfers.  First, President Biden signed an Executive Order on “Enhancing Safeguards for United States Signals Intelligence Activities” (“EO”). The EO enhances privacy…
In brief The California Privacy Rights Act of 2020 (CPRA) amended the California Consumer Privacy Act of 2018 (CCPA) with most changes taking effect on 1 January 2023 with a twelve-month look-back. Limited exceptions concerning the personal data of employees and business contacts will expire. The new California Privacy Protection Agency (CPPA) has published draft regulations that will, once finalized, expand on the rules in the statute and existing regulations from the California Attorney General. The CPPA is…