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The deadline is fast approaching for in-scope financial entities and their ICT service providers to conform to the EU’s new digital operational resilience regulation.

By Christian F. McDermott and Alain Traill

With effect from 17 January 2025, a broad range of EU financial entities will be subject to the new EU regulation on digital operational resilience for the financial sector (DORA), with significant impact for firms and their third-party ICT service providers. As the new landscape takes shape, below is an overview of some of the key changes and steps that impacted financial entities and providers should be taking ahead of the deadline.

Considerations for UK and US companies that are already or considering relying on the UK-US Data Bridge for personal data transfers.

By Fiona M. Maclean and Clayton Northouse

Latham & Watkins and Privacy Laws & Business recently co-hosted a webinar looking back on the first eight months since the UK-US Data Bridge entered into force. Speakers from the UK Information Commissioner’s Office (ICO) and the US Privacy and Civil Liberties Oversight Board joined the panel for a broad discussion on the practical implementation and future outlook of the UK-US Data Bridge.

Below are key takeaways from the discussion and practical tips for UK and US organisations relying on the UK-US Data Bridge to facilitate personal data transfers to the US from the UK (and Gibraltar) while ensuring data is protected consistent with the standard imposed by UK law.

Covered institutions will need to review their cybersecurity and incident response policies and procedures ahead of the applicable compliance deadline.

By Robert Blamires, Laura Ferrell, Daniel Filstrup, Jennifer Howes, and Sarah Zahedi

The Securities and Exchange Commission (SEC) recently1 adopted amendments to Regulation S-P that expand the scope of requirements applicable to brokers, dealers, investment companies, SEC-registered investment advisers, and foreign (non-resident) SEC-registered brokers, dealers, investment companies, and investment advisers (together, Covered Institutions) in order…

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The Act establishes the world’s first comprehensive regulatory framework for AI, and is expected to shape the future of AI regulation and governance both within and beyond the EU.

By Elisabetta Righini, Hanno F. Kaiser, Tim Wybitul, Fiona M. Maclean, and Michael H. Rubin

After three years of legislative debate, the Council of the European Union cast its final vote on the European Union (EU) Artificial Intelligence (AI) Act on 21 May 2024. Once published in…

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Businesses need to be proactive in updating their compliance measures to meet the ever-evolving set of privacy laws and regulatory expectations in 2024 and beyond.

By Michael H. Rubin, Robert W. Brown, Max G. Mazzelli, Jennifer Howes, and Sarah Zahedi

Following the notable uptick in state-level privacy laws in 2023, a wave of new comprehensive state privacy laws and state laws seeking to regulate health privacy, youth privacy, online platforms, and data brokers are set to take effect this year. While a draft federal comprehensive privacy law — the American Privacy Rights Act — aimed at harmonizing this patchwork of state laws was introduced last month, until such a law actually passes, the quickly evolving state regulatory landscape will continue to set the standards for how most businesses must handle personal information in the US.

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Understanding the ICO’s approach to assessing financial penalties should be a key element of an organisation’s data protection strategy and risk profile.

By James Lloyd and Sami Qureshi

In an era when data protection infringements can tarnish business reputations overnight, understanding the financial ramifications is more crucial than ever. The UK’s Information Commissioner’s Office (ICO) recently unveiled its much-anticipated updated guidance on the calculation of fines for data protection infringements under the UK General Data Protection Regulation (UK GDPR) and…

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The PDPL has broad extraterritorial scope and substantial penalties for non-compliance, with full enforcement expected to start in September.

By Brian A. Meenagh and Lucy Tucker

The Personal Data Protection Law (PDPL) is the first comprehensive data protection law in Saudi Arabia. The Saudi Data and Artificial Intelligence Authority (SDAIA) is expected to start full enforcement of the PDPL from 14 September 2024, after the current compliance transition period ends. SDAIA emphasised that it expects entities to take measures to achieve compliance with the PDPL by the September deadline.  

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The proposed amendments are expansive and would significantly affect how companies comply with the Children’s Online Privacy Protection Act.

By Jennifer C. Archie, Marissa R. Boynton, Michael H. Rubin, Gabriela Aroca Montaner, Samantha M. Laufer, and Molly Whitman

Key Points:

  • The proposed amendments, which clarify or expand many of the COPPA Rule’s existing provisions, would be the first updates to the Rule in over a decade and would formalize recent FTC guidance and enforcement in
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The amended rules follow the Biden Administration’s “whole of government” approach to maximizing notifications to executive agencies of cybersecurity events.

By Jennifer C. Archie, Matthew A. Brill, Gabriela Aroca Montaner, Chad Kenney, and Molly Whitman

On December 21, 2023, a divided Federal Communications Commission (FCC or the Commission) released a Report and Order updating its data breach reporting rules for certain telecommunications providers. The updated rules require that providers of telecommunications services, interconnected Voice over Internet…

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Companies subject to India’s new data protection law should assess practical implications.

By Gail Crawford, Fiona Maclean, Danielle van der Merwe, Kate Burrell, Bianca H. Lee, Alex Park, Irina Vasile, and Amy Smyth

The Indian parliament enacted India’s first comprehensive data protection law on 11 August 2023, namely the Digital Personal Data Protection Act 2023 (the DPDPA). The DPDPA will replace India’s existing patchwork of data protection rules[i] and is expected to trigger significant changes in how companies subject to Indian data protection laws process personal data. However, the law is not yet operational; no effective date has been established and there is no official timeline for the overall implementation. Stakeholders expect the law to come into force in a phased manner in the next six to 12 months, after:

  1. an independent agency responsible for enforcing the DPDPA — the Data Protection Board of India (the Data Protection Board) — is established; and
  2. the Indian government has framed the subordinate rules (which are expected to provide interpretative guidance on procedural steps and enforcement methodology).

The DPDPA is “umbrella” legislation, as it sets out only a high-level framework for India’s new data protection regime, with supplementary rules expected in due course. Though the new law is not yet operational, companies subject to the new law are advised to begin assessing potential practical implications at an early stage.