23 results Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention. Enforcement of Schrems II: Council of State refuses unconditional illegality of transfers to the U.S. A recent decision of the Belgian Council of State shines a first light on the enforcement of the Schrems II ruling of the European Court of Justice in Belgium. De Dataverordening (“Data Act”) 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. DNB publishes guidelines for outsourcing notifications by insurers Requirements applicable to outsourcing (including intra-group arrangements as well as outsourcing to the cloud) under Dutch and EU financial regulatory regimes have become more stringent in recent years. Outsourcing has therefore been a priority on the Du Cyril Fischer Senior Associate Brussels Ook WhatsApp- en sms-berichten op privételefoons vallen onder Wet openbaarheid van bestuur De Afdeling bestuursrechtspraak van de Raad van State heeft in een uitspraak van 20 maart 2019 (ECLI:NL:RVS:2019:899) bevestigd dat ook WhatsApp- en sms-berichten onder de reikwijdte van de Wet openbaarheid van bestuur (Wob) vallen. Stibbe advises Schneider Electric Stibbe advises Schneider Electric, the leader in the digital transformation of energy management and automation, on its strategic investment in Planon. A digital transition in the financial services sector On 24 September 2020, the European Commission (the “Commission”) adopted the Digital Finance Package (the “Package”). The aim of this initiative is to create a competitive EU financial sector that gives consumers access to innovative financial products. European Banking Federation Guidance on testing of Cloud Exit Strategy Financial institutions may outsource critical or important functions to cloud service providers (“CSPs”). On 25 February 2019 the European Banking Authority (“EBA”) provided guidelines (the “EBA Guidelines”) laying out the framework for outsourcing arrang ESMA publishes report on licencing of fintech firms across europe On 12 July, the European Securities and Markets Authority ("ESMA") published a report on the status of licencing regimes of FinTech firms across the European Union ("EU"). Carolien Michielsen Senior Associate Brussels Erik Valgaeren Partner Brussels Webinar: Cloud computing in the financial sector On Wednesday 4 November 2020, Marc Spuijbroek and Roderik Vrolijk will host a webinar about cloud computing in the financial sector, which, at the same time, may be relevant outside that sector. This webinar is part of the TMT Masterclasses webinar-series International webinar on cloud computing in the financial sector Stibbe is organising an international webinar on cloud computing in the financial sector - What financial institutions need to know when considering a move to the Cloud. The webinar takes place on 30 June 2020 at 4:00 pm. Is the Metaverse really dead? Well, not according to the EU Commission… The European Commission recently unveiled its vision for the Metaverse and virtual worlds. Digital Law Up(to)date: Application of the private copy exception to cloud computing The CJEU stated that the private copy exception (copyright) applies to cloud computing. Digital Law Up(to)date: The European Commission publishes the draft of the Data Act 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. Digital Law Up(to)date: (1) Parliamentary initiatives about cyber attacks; (2) ‘Zero tariff’ options before the CJEU; and (3) Council of State, GDPR and encryption In this blog, we briefly present three interesting matters in the field of digital law: (1) Parliamentary initiatives to tackle cyber attacks; (2) 'Zero tariff' options and open internet access do not mix; (3) Council of State, GDPR and encryption. Pagination Current page 1 Page 2 Next page
Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention.
Enforcement of Schrems II: Council of State refuses unconditional illegality of transfers to the U.S. A recent decision of the Belgian Council of State shines a first light on the enforcement of the Schrems II ruling of the European Court of Justice in Belgium.
De Dataverordening (“Data Act”) 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.
DNB publishes guidelines for outsourcing notifications by insurers Requirements applicable to outsourcing (including intra-group arrangements as well as outsourcing to the cloud) under Dutch and EU financial regulatory regimes have become more stringent in recent years. Outsourcing has therefore been a priority on the Du
Ook WhatsApp- en sms-berichten op privételefoons vallen onder Wet openbaarheid van bestuur De Afdeling bestuursrechtspraak van de Raad van State heeft in een uitspraak van 20 maart 2019 (ECLI:NL:RVS:2019:899) bevestigd dat ook WhatsApp- en sms-berichten onder de reikwijdte van de Wet openbaarheid van bestuur (Wob) vallen.
Stibbe advises Schneider Electric Stibbe advises Schneider Electric, the leader in the digital transformation of energy management and automation, on its strategic investment in Planon.
A digital transition in the financial services sector On 24 September 2020, the European Commission (the “Commission”) adopted the Digital Finance Package (the “Package”). The aim of this initiative is to create a competitive EU financial sector that gives consumers access to innovative financial products.
European Banking Federation Guidance on testing of Cloud Exit Strategy Financial institutions may outsource critical or important functions to cloud service providers (“CSPs”). On 25 February 2019 the European Banking Authority (“EBA”) provided guidelines (the “EBA Guidelines”) laying out the framework for outsourcing arrang
ESMA publishes report on licencing of fintech firms across europe On 12 July, the European Securities and Markets Authority ("ESMA") published a report on the status of licencing regimes of FinTech firms across the European Union ("EU").
Webinar: Cloud computing in the financial sector On Wednesday 4 November 2020, Marc Spuijbroek and Roderik Vrolijk will host a webinar about cloud computing in the financial sector, which, at the same time, may be relevant outside that sector. This webinar is part of the TMT Masterclasses webinar-series
International webinar on cloud computing in the financial sector Stibbe is organising an international webinar on cloud computing in the financial sector - What financial institutions need to know when considering a move to the Cloud. The webinar takes place on 30 June 2020 at 4:00 pm.
Is the Metaverse really dead? Well, not according to the EU Commission… The European Commission recently unveiled its vision for the Metaverse and virtual worlds.
Digital Law Up(to)date: Application of the private copy exception to cloud computing The CJEU stated that the private copy exception (copyright) applies to cloud computing.
Digital Law Up(to)date: The European Commission publishes the draft of the Data Act 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.
Digital Law Up(to)date: (1) Parliamentary initiatives about cyber attacks; (2) ‘Zero tariff’ options before the CJEU; and (3) Council of State, GDPR and encryption In this blog, we briefly present three interesting matters in the field of digital law: (1) Parliamentary initiatives to tackle cyber attacks; (2) 'Zero tariff' options and open internet access do not mix; (3) Council of State, GDPR and encryption.