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GDPR: DATA BREACH REQUIREMENTS AND NOTIFICATION REGIMES

Posted by  | June 15, 2018 | comments
GDPR: DATA BREACH REQUIREMENTS AND NOTIFICATION REGIMES

The EU General Data Protection Regulation (GDPR) imposes a data breach regime on all data controllers and processors handling personal data. This requires organisations to ensure data is adequately protected against loss, theft, unauthorised access etc.

Data processors are obliged to report personal data breaches to controllers, and in turn controllers need to be prepared to comply with the personal data breach notification rules. These require the following:•    The reporting of significant breaches to the supervisory authority within 72 hours;•    Informing of individuals of a breach, if it is likely to result in a high privacy risk for them;•    The maintenance of an internal data b ... Read More

GUIDELINES TO SIMPLIFY INSURANCE POLICY WORDING

Posted by  | June 05, 2018 | comments
GUIDELINES TO SIMPLIFY INSURANCE POLICY WORDING

The Italian Insurance Regulator (“IVASS”) brought to the insurers’ attention the need to simplify insurance contracts and wordings.

Following IVASS suggestion, the Italian Insurers Association (“ANIA”), some Italian Consumers Associations, the Italian Brokers Association (AIBA) and the Italian Antitrust Authority drafted a set of guidelines on the structure and language of insurance policies wording. By letter dated 14 March 2018 (the “IVASS Letter to the market”), IVASS exhorts the insurers to comply with the Guidelines within the following timeframe:(i) for new insurance products, from the 1st of Ja ... Read More

DRAFT REGULATION ISSUED BY IVASS ON MAY 22, 2018.

Posted by  | May 28, 2018 | comments
DRAFT REGULATION ISSUED BY IVASS ON MAY 22, 2018.

The amendment of the anti-money laundering decree

The legislative decree 21 November 2007, n. 231 (hereinafter "anti-money laundering decree"), was amended by Legislative Decree 25 May 2017, n. 90 of implementation of directive (EU) 2015/849, on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, implementing Regulation (EU) no. 2015/847 on the information data accompanying the transfers of funds and repealing Regulation (EC) no. 1781/2006The IVASS Regulation scheme contains implementin ... Read More

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