In addition, the notification deadline for breach reporting would be extended from 72 to 96 hours. It is also proposed that controllers use a new “single-entry point” when they notify data breaches to the supervisory authority. The changes requiring controllers to implement formal processes for handling data protection complaints will not take effect until the summer, giving organisations more time to prepare. Organisations will be required to provide individuals with a way to raise data protection complaints, acknowledge receipt of those complaints within 30 days, and investigate them without undue delay. It’s easy to start ensuring regulatory compliance and effectively managing risk with Kiteworks.
Payment Card Industry Data Security Standard (PCI-DSS)
To become an e-money issuer, you’ll need at least €350,000 in initial capital (Article 4), and you have to safeguard customer funds. The following list outlines critical areas of fintech regulatory compliance in the EU and UK for 2025. If you’re ready to make your fintech compliance journey less painful, reach out to our team. You can manage all legal projects from one dashboard, so you always know where you stand across markets, including the EU and the UK. Article by ProConsult Advocates & Legal Consultants, the Leading Dubai Law Firm providing full legal services & legal representation in UAE courts. Full compliance is required by 1 January 2027, with the law effective from 1 January 2026 and a one-year transition period.
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Then, in August, the regulator issued its first funds transfer service provider license to JPYC for the issuance of its eponymous yen-backed stablecoin. In parallel, HM Treasury published its hotly anticipated draft statutory instrument that would bring “qualifying crypto assets” and “qualifying stablecoins” into the perimeter of the Financial Services Markets Act. This means that certain activities related to these assets will need to be carried out by FCA authorized entities.
Global Crypto Policy Review & Outlook 2025/26
- Federal Decree-Law No. 26 of 2025 on Child Digital Safety places obligations on internet service providers to activate content filtering systems and support safer and supervised access for children, including parental control measures and compliance support.
- The Utah Consumer Privacy Act is the most recent of the state-specific privacy regulations to be passed in the United States.
- If passed, the Act would introduce a comprehensive licensing framework for a wide range of VASPs, including exchanges, brokerages, custodians, and underwriters of token offerings.
- Looking to 2026, we will be watching to see how the implementation of these proposals drive market growth and innovation.
- Ongoing obligations include corrective actions, cooperation with competent authorities, and maintaining a quality management system that enables continuous compliance.
The VASP Act also provides the FSA with strong enforcement powers, and makes the operations of mining facilities, mixing services, or undertaking virtual asset activities as individuals a criminal offense. The GENIUS Act on stablecoins has passed, establishing a federal regime for issuance, reserves, audits, and oversight. The House has also passed the CLARITY Act, a market structure bill that divides jurisdiction between the US SEC and CFTC, defines when tokens may transition from securities to commodities, and creates a registration pathway for platforms. Lawmakers are also revisiting crypto taxation, seeking to scale back reporting obligations introduced under the 2021 infrastructure law. The US SEC, under Chair Paul Atkins, modernized securities regulation, beginning with a crypto task force led by Commissioner Hester Peirce, and elevated into Project Crypto — the agency’s first comprehensive digital asset rulemaking program. It is clarifying when tokens qualify as securities, considering safe harbors for early-stage development, and revising custody and trading rules for on-chain settlement.
- This article dive into the key aspects of data governance and regulatory compliance, with detailed case studies in the Healthcare, Telecom, and Banking sectors.
- It applies to controllers and processors established in the State and to certain extraterritorial processing relating to data subjects in the State.
- By following these best practices and keeping abreast of new and developing data compliance regulations, any modern organization can ensure that its data use can proceed in a secure and compliant manner.
- This wave of new regulations reflects a broader national trend toward strengthening consumer data protections and addressing the rapidly evolving landscape of digital privacy.
- 2025 brought much progress in regulatory clarity — and more plans will come to fruition in 2026 as implementation deadlines approach.
- These logs are invaluable for identifying potential vulnerabilities, ensuring accountability, and demonstrating compliance during regulatory audits.
This common framework helps you see your current state more accurately and allows you to easily adapt and expand into different security certifications and requirements. First, this record will ensure that the detailed knowledge of your company’s compliance activities doesn’t leave with a single employee. Without this record, your organization could be in the dark, and it increases the chances that an audit will uncover gaping holes in the data security and compliance program. Essentially, any organization that does business in healthcare must adhere to HIPAA data security and compliance standards. The Colorado Privacy Act was the third state data privacy law to be passed in the U.S., following California and Virginia.
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The Commission has approved generic listing standards for spot commodity-based ETFs and created a cross-border enforcement team to target offshore fraud and manipulation. Atkins’ willingness to use https://master-your-business.com/how-can-you-implement-iot-in-your-business/ exemptions and interpretive relief marks a striking departure from the enforcement-heavy stance of prior leadership. In August, the BCB announced it was dropping plans for a blockchain-based digital asset system. Instead, Drex will now focus on a short-term lien reconciliation solution while continuing to mature blockchain technology for future use. The decision surprised private sector participants in the Drex pilot and will likely delay the adoption of distributed ledger technology in arBrazil’s payments ecosystem. On the regulatory front, 2025 saw Argentina raise requirements under its VASP registration regime, which commenced in March 2024 under General Resolution 994 (GR 994).
Companies that embrace compliance not only avoid hefty penalties but also strengthen their reputation as trustworthy and responsible entities. In an era where data breaches dominate headlines and customer trust is more valuable than ever, demonstrating a commitment to data protection is a key differentiator. An incident response plan outlines the steps an organization will take to detect, contain, and mitigate data breaches. Having a robust plan in place ensures that businesses can respond quickly and effectively to security incidents, minimizing damage and meeting regulatory reporting requirements. The global regulatory landscape is constantly changing to address emerging risks and technologies. Adopting compliance frameworks ensures that businesses remain agile and proactive, avoiding reactive, costly overhauls to meet new standards.