Regulatory Alerts2017-01-01
Consultation Paper No. 2 of 2017 – Amendments to ADGM’s Data Protection Regulations
The Abu Dhabi Global Market Registration Authority proposes amendments to the Data Protection Regulations 2015 to clarify defined terms, enhance enforcement powers, and align data transfer mechanisms. Key changes include increasing the maximum fine for non-compliance to USD25,000, designating jurisdictions with adequate protection directly in the Regulations, and granting ADGM authorities broader exemptions to share data with other governmental bodies. The consultation also updates model data transfer agreements and refines the fees schedule without introducing new fee amounts.
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