Illinois’ Governor Vetoes the Geolocation Privacy Bill

On September 22, 2017, Illinois Governor Bruce Rauner vetoed the proposed Geolocation Privacy Protection Act, which sought to limit the collection, use, retention, or disclosure of precise geolocation data from a mobile device without a person’s prior express and written consent.  The General Assembly originally passed the bill on June 27, 2017.  (For more background on the bill, see Illinois Becomes the First State to Pass a Geolocation Privacy Protection Bill (July 5, 2017)).

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ECHR Ruled on Monitoring of Employee’s Electronic Communication

On 5 September 2017, the Grand Chamber of the European Court of Human Rights (the “ECHR”) overturned  the previous decision of the ECHR (sitting as a Chamber) and ruled that the Romanian courts had failed to strike a fair balance between the interest of an employer to monitor its employees’ electronic communications to ensure the smooth operation of the company and the employee’s right to respect for his private life and correspondence under Article 8 of the European Convention on Human Rights. However, in a question and answer  section on its website the EHCR made it clear that the ruling does not mean that employers cannot monitor employee’s communications at work. Employers may still monitor their employee’s communications as long as such a measure is accompanied by “adequate and sufficient safeguards against abuse.”

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European Commission prioritizes cybersecurity, GDPR compliance and free flow of data

On 13 September 2017, the European Commission presented its draft work program for the next sixteen months up to the end of 2018.  In addition to boosting jobs, growth and investments, the European Commission’s main priority is to improve and strengthen the Single Digital Market, where individuals as well as businesses can seamlessly access and exercise online activities under conditions of fair competition and a high level of consumer and personal data protection.  With that objective in mind, the European Commission plans to launch the following initiatives between now and the end of 2018:

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EU Adequacy Ruling on Japan Expected

The EU Commission, through a joint statement on 4 July 2017 by Vera Jourova, EU Commissioner for Justice, and Haruchi Kumazawa, a Commissioner of Japan’s Personal Information Protection Commission, announced that the process is underway to provide Japan an EU adequacy decision on international data transfers by early 2018. Once approved, Japan will become the 13th country (crediting the US with an adequacy finding for organizations certifying under the Privacy Shield) globally and the first Asian country to be given adequate status by the EU Commission.

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FinTech and Regulatory Sandboxes in the UK, Hong Kong and Singapore

As the FinTech industry continues to expand, regulators around the globe are starting to react. The past 18 months have seen the emergence of a new trend in financial services regulation, the “sandbox.”

Since the launch of the UK’s regulatory sandbox in May 2016, regulators across the globe have adopted similar frameworks. There are now regulatory sandboxes in Abu Dhabi, Australia, Canada, Hong Kong, Lithuania, Singapore, Switzerland and Thailand, to name a few, and the European Union recently set out proposals for a possible EU-wide regulatory sandbox.

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