Category

Policy

10 February 2022

SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

On Monday, January 24, 2022, in a speech at the Northwestern University Pritzker School of Law annual Securities Regulation Institute conference, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), announced that he has asked SEC staff to provide sweeping rulemaking recommendations to modernize and expand the agency’s … Read More

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31 January 2022

The UK’s Competition and Markets Authority’s Music Streaming Market Study

1. What has the Competition and Markets Authority (CMA) announced?

On January 27, The UK’s competition regulator, the CMA, has formally launched a market study into music streaming; see its Market Study Notice.

The market study will look at whether competition in the music streaming value chain is working … Read More

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24 January 2022

Uniform Law Commission Proposes “Reasonable” Uniform Personal Data Protection Act for State-by-State Adoption as Federal Privacy Bills Languish

Introduction

As data breaches become more common, increased public attention on privacy has led to a flurry of state-level activity on the issue. With a federal privacy bill languishing in Congress, the states have taken the lead. California, Colorado, and Virginia have all passed comprehensive privacy laws in the past … Read More

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18 January 2022

EU Council Publishes Changes to Artificial Intelligence Act Proposal

On 29 November 2021, the Slovenian Presidency (the “Presidency”) of the European Council published its compromise text (“Compromise Text”) on the European Union’s (“EU”) draft Artificial Intelligence Act (“AI Act” or “Act”) alongside a progress report on the Act. While … Read More

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28 December 2021

FTC Announces it May Pursue Rulemaking to Combat Discrimination in AI

On December 10, the Federal Trade Commission (FTC) announced it is considering a rulemaking on commercial Artificial Intelligence (AI). The purpose of the rulemaking, according to an advanced notice of proposed rulemaking (ANPRM) titled “Trade Regulation in Commercial Surveillance,” would be “to curb lax security practices, limit privacy … Read More

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20 December 2021

SEC Announces Long-Awaited Updates to Broker-Dealer Recordkeeping Requirements

In a much anticipated (and, to many, long overdue) release published in mid-November, the U.S. Securities and Exchange Commission (SEC) proposed to update its decades-old recordkeeping requirements for broker-dealers to, among other things, allow for electronic records to be retained in a manner other than “exclusively in a non-rewriteable, non-erasable … Read More

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