The healthcare and life sciences ecosystem is witnessing significant growth in the Middle East as the GCC continues to seek economic diversification.
The United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) are...more
4/19/2024
/ Artificial Intelligence ,
Biotechnology ,
Foreign Investment ,
Intellectual Property Protection ,
Life Sciences ,
Middle East ,
Pharmaceutical Industry ,
Pharmaceutical Patents ,
Popular ,
Research and Development ,
Saudi Arabia ,
United Arab Emirates (UAE)
يُعد نظام حماية البيانات الشخصية (النظام) أول نظام شامل لحماية البيانات في المملكة العربية السعودية. من المتوقع أن تبدأ الهيئة السعودية للبيانات والذكاء الاصطناعي (الهيئة) في الإنفاذ الكامل للنظام اعتبارًا من 14 سبتمبر 2024،...more
3/19/2024
/ Breach Notification Rule ,
Compliance ,
Compliance Dates ,
Data Breach ,
Data Protection ,
Data Protection Authority ,
Data Protection Impact Assessments (DPIAs) ,
Enforcement Actions ,
Extraterritoriality Rules ,
International Data Transfers ,
Personal Data ,
Saudi Arabia ,
Sensitive Personal Information
The PDPL has broad extraterritorial scope and substantial penalties for non-compliance, with full enforcement expected to start in September.
The Personal Data Protection Law (PDPL) is the first comprehensive data...more
Recognising new realities in decentralisation, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations.
On 2 October 2023, the Board of Directors of Abu...more
The Dubai International Financial Centre urges companies to protect personal data when using artificial intelligence.
On 18 April 2023, the Dubai International Financial Centre (DIFC), a financial free zone with its own...more
The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai.
On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted...more
This 13th edition of The Technology, Media and Telecommunications Review provides updated overviews of legal and policy constructs and developments in the TMT arena across 18 jurisdictions around the world. As in years past,...more
The amendment proposes business-friendly changes regarding data localization and legitimate interests.
On November 20, 2022, the Saudi Data and AI Authority (SDAIA) published an amended version of the Kingdom of Saudi...more
The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre.
On November 1, 2022, the Dubai Financial Services Authority (DFSA) crypto...more
11/18/2022
/ Abu Dhabi Global Markets (ADGM) ,
Asset Tokens ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
DFSA ,
DIFC ,
Dubai ,
Ethereum ,
Non-Fungible Tokens (NFTs) ,
United Arab Emirates (UAE) ,
Utility Tokens
The guidance is part of the rapidly evolving rules on anti-money laundering and aims to promote UAE as a jurisdiction compliant with best practices.
On August 1, 2022, the UAE Central Bank (CBUAE) issued the Guidance for...more
8/25/2022
/ Anti-Money Laundering ,
Compliance ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Guidance ,
Payment Systems ,
Risk Mitigation ,
Terrorism Funding ,
United Arab Emirates (UAE)
Organisations subject to the law should carry out a gap analysis of their current compliance position against the new requirements. The United Arab Emirates (UAE) has issued its first federal data protection law (Federal...more
On 28 April 2021 the United Arab Emirates (UAE) federal government issued Ministerial Decision No. 51 of 2021 (the Decision) to clarify when health information may be stored or transferred outside of the UAE. The Decision...more
The Technology, Media and Telecommunications Review is now in its 11th edition, and I am excited to be taking the reins of this publication after a decade under the steady hand of long-time editor John Janka. This Review...more
The new legislation extends both the protections available to consumers, as well as the obligations applicable to e-commerce retailers.
With its recent implementation of a new consumer protection law, the United Arab...more
New regulations overhaul regulatory framework for digital payments in the UAE.
Key points:
..The new Stored Value Facilities (SVF) Regulation repeals and replaces the 2017 SVEPS Regulation governing digital payments...more
The Dubai International Financial Centre (DIFC) has a new data protection law and regulations: the Data Protection Law DIFC Law No. 5 of 2020 (DIFC DP Law) and the Data Protection Regulations (DIFC DP Regulations, and...more
The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA.
Key Points:
..Resubmission of a refused PSPR license application will only be accepted nine months after...more
A recent Latham.London blog post recommended five steps that customers should take when procuring technology and related services in light of COVID-19 and future pandemics. This blog post examines five additional...more
The guidelines are part of Saudi Arabia’s efforts to build out a regulatory framework for an innovation-based financial technology ecosystem.
On 24 February 2020, the Saudi Arabian Monetary Authority (SAMA) issued...more
In June 2018, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) unveiled a dedicated cryptoasset regulatory framework by way of various amendments to the FSRA’s core regulations – the Financial...more
The Abu Dhabi Global Market’s Guidance clarifies and expands FSRA expectations for OCAB Framework license holders.
In June 2018, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) unveiled a...more
7/23/2019
/ Abu Dhabi Global Markets (ADGM) ,
Anti-Money Laundering ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
FATF ,
Financial Services Authority ,
Financial Services Industry ,
Governance Standards ,
Licensing Rules ,
Money Services Business ,
Regulatory Authority ,
Regulatory Standards ,
Token Sales ,
United Arab Emirates (UAE)
Healthcare entities should assess whether Federal Law No. 2 of 2019 applies to their practices and plan for compliance.
On 6 February 2019, the President of the United Arab Emirates (UAE) in conjunction with the UAE...more
The DIFC guidelines provide practical guidance for DIFC-registered entities engaging in electronic direct marketing, including useful “dos” and “don’ts”.
What Do DIFC-Registered Entities Need to Know?
In January 2019,...more
2/4/2019
/ DIFC ,
Direct Marketing ,
Dubai ,
Electronic Communications ,
EU ,
EU Data Protection Laws ,
General Data Protection Regulation (GDPR) ,
New Guidance ,
UK ,
UK Data Protection Act ,
United Arab Emirates (UAE)
The SCA’s decision marks a significant step towards achieving enhanced regulation of digital securities and commodities in the UAE.
Key Points:
..The announcement signals a change in the SCA’s position following its...more
UAE-based fintech companies should understand the applicable onshore regulations — many of which are new and largely untested — when providing specific services.
Key Points:
..UAE fintech companies need sophisticated...more