On January 26, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules to enhance hedge fund and private fund disclosure requirements and increase regulators’ visibility into the private funds industry. The proposed rules would amend the SEC’s Form PF, the confidential reporting form by which private funds disclose regulatory assets to the SEC, […]
Board Governance & Cyber Risk Management
Belgian Data Protection Authority Fines Bank for DPO’s Conflicting Roles
In a decision of December 16, 2021, the Belgian Data Protection Authority (“DPA”) imposed a EUR 75,000 administrative fine on a bank located in Belgium for failure to comply with the requirement in Article 38.6 of the General Data Protection Regulation (“GDPR”) that the tasks and duties of the Data Protection Officer (“DPO”) must not […]
EDPB Issues Draft Guidelines on Data Subject Access Rights
On January 28, 2022, the European Data Protection Board (“EDPB”) published draft regulatory guidelines (“draft guidance”) on the right of data subjects to have access to their personal data under the EU General Data Protection Regulation (“GDPR”). In the draft guidance, the EDPB explains the aim and components of the right. This analysis is followed […]
Major Overhaul of EU Clinical Trial Rules Kicks In on 31 January 2022
On 31 January 2022, the EU Clinical Trial Regulation (CTR) will come into application, almost 8 years after its adoption by the European Parliament and the Council of the EU. The CTR will radically change the regulatory framework for conducting clinical trials in the EU Member States as well as European Economic Area (EEA) countries […]
CISA Releases Warning of Destructive Malware Targeting Ukrainian Organizations
On January 16, 2022, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) released a warning regarding destructive malware targeting Ukrainian organizations, including Ukrainian government agencies. The malware was found in multiple government, non-profit, and information technology organizations, all based in Ukraine. CISA’s warning comes on the heels of a separate targeted attack […]