The Philippine National Privacy Commission (NPC) recently issued NPC Circular No. 2020-03 on Data Sharing Agreements (Circular). The Circular applies to the disclosure of personal data from a personal information controller (PIC) to another PIC. It likewise applies to personal data that is consolidated by several PICs and shared or made available to each other and/or to one or more PICs. It excludes outsourcing or subcontracting arrangements between a PIC and a personal information processor (PIP).
The Philippine National Privacy Commission (NPC) recently issued NPC Circular No. 2020-02 on the Rules on the Issuance of Cease and Desist Orders (Circular). The Circular applies to all applications for a Cease-and- Desist Order (CDO) on the processing of personal data and other matters cognizable by the NPC.
The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1105, series of 2020, the Guidelines on the Establishment of Digital Banks (Circular). It took effect on 23 December 2020. The Circular considers digital bank as a distinct classification of bank and provides the framework for its operation and establishment.
In brief There is no question that the pandemic has changed the future of work. From an increased focus on health and safety to transitioning to permanent (or indefinite) remote work, or preparing for business transformation, companies are facing critical business challenges in regard to their most important asset —…
To ensure the lawful processing of personal data in the use of closed-circuit television (CCTV)1 systems, the Philippine National Privacy Commission (NPC) released on 16 November 2020, Advisory No. 2020-04 on the “Guidelines on the Use of Closed-Circuit Television (CCTV) Systems” (Advisory). The Advisory guides personal information controllers (PICs) and personal information processors (PIPs) in the processing of personal data via CCTV systems used in public or semi-public places, as well as in responding to requests by the data subject or by third parties for disclosure of CCTV footage. The Advisory applies to CCTV systems with either video and audio capabilities or those which only record videos. Lawful surveillance conducted by law enforcement agencies and other government agencies, however, are not covered by the Advisory.
New law exempts M&A transactions with value less than PHP 50 billion from compulsory notification
The Department of Labor and Employment (DOLE), the Department of Trade and Industry (DTI), and the Department of the Interior and Local Government (DILG) issued Joint Advisory No. 20-01, Series of 2020, or the “Implementation of New Policy Directions as the Country’s Policy Shifts from Total Risk Avoidance to Risk Management and on the Further Re-opening of the Economy” (Joint Advisory).
Read publication Welcome to the 20th edition of the Asia Pacific Insurance Newsletter. This edition covers insights, pertinent…
On 23 October 2020, the Department of Labor and Employment (DOLE) issued Department Order No. 215, Series of 2020, which amends the rule on suspension of employment relationship.
Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or delivery channels may not meet all regulatory requirements, financial regulators internationally have implemented fintech regulatory sandbox regimes as a solution. A sandbox allows financial institutions (FI)…