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On 20 July 2021, the European Commission presented a new legislative package containing significant changes to the applicable anti-money laundering and anti-terrorism financing regime.

The Grand Chamber of the CJEU confirms that EU law precludes national legislative measures which provide for the general and indiscriminate retention of traffic and location data relating to e-communications, for the purpose of combating serious crime.

On 8 March 2022, the law of 25 February 2022 amending the law of 22 March 2004 on securitisation entered into force. This is a welcomed (r)evolution in the securitisation operations in the Grand Duchy of Luxembourg.

On 3 March 2022, the Luxembourg law of 25 February 2022 implementing a.o. the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy Regulation has been published in the Official Journal of the Grand Duchy of Luxembourg.

The Belgian Gazette published a Royal decree completing the Belgian regulatory framework on crypto-exchange and wallet services providers. The decree enters into force on 1 May 2022.

De Europese Commissie heeft op 23 februari 2022 de Europese dataverordening (“Data Act”) voorgesteld, die het delen van data beoogt te bevorderen. Steeds meer gegevens worden door mensen en machines gegenereerd, bewaard en hergebruikt.

On 23 February 2022, the European Commission published its draft Data Act, i.e. a proposal for a regulation on harmonised rules on fair access to and use of data. The text is part of the European strategy for data launched by the Commission in 2020.

On 15 February 2022, the European Data Protection Supervisor published Preliminary Remarks on Modern Spyware. In fact, this document directly targets the Pegasus spyware developed by an Israeli company. 

The Belgian Data Protection Authority published an interesting decision of its Litigation chamber. The content of the decision is not completely new, but it provides (or recalls) some relevant elements for personal data practitioners.

On 11 February 2022, the Belgian Official Gazette published a new law modifying the Belgian anti-money laundering law. The objective of the text is to introduce new provisions to regulate crypto-exchange and wallet service providers.

The Belgian DPA fined an NGO and a researcher both active in the fight against disinformation for violating GDPR provisions.

On 2 February 2022, the Belgian Data Protection Authority considered that the Transparency and Consent Framework (TCF) developed by Interactive Advertising Bureau Europe (IAB) violates the GDPR.

De aandacht voor (I)MVO en ESG en verantwoording daarover blijft onverminderd groot. Wij zien op nationaal en Europees niveau tal van ontwikkelingen. Wij stippen enkele Europese en nationale initiatieven aan. 

In a judgment handed down on 1 December 2021, the Market Court annulled the decision on the merits 66/2021 of 4 June 2021 of the Belgian DPA. The decision reprimanded the Belgian Ministry of Finance for not respecting the rights of the data subjects.

The Datenschutzbehörde, the Austrian Data Protection Authority (DPA), found that the use of the free version of Google Analytics violated some provisions of the GDPR, and specifically the rules on international data transfers.

Marieke Driessen, Niek Groenendijk and Nils Beijeman contributed to Getting the Deal Through - Debt Capital Markets.