Arguably one of most ambitious data privacy laws due to its implications, geographical scope and sanctions, the GDPR made businesses shake from the Davids to the Goliaths in the months leading up to its enforcement.
Some weeks ago, the Commission de Surveillance du Secteur Financier (CSSF) issued the circular 18/698 (replacing circular 12/546) defining the conditions to obtain and maintain the authorisation for Investment Fund Managers (IFM) under Luxembourg law.
You have to be business intelligent nowadays. Don’t you feel this is a "must-have" buzz phrase in any business report you write, no matter the financial services industry in which you work?
Anna. She aspires to work in journalism, but she’s an engineer. Rumours in the corridors of the company hint that most of the production lines will soon be automated and that a bunch of people - no matter their job position - will soon be queueing at the Employment Office.
Client-facing actions, marketing and advertising, digital communication, geolocation, profiling, global operations, etc., are business areas that SMEs want to pay particular attention to comply with the GDPR (General Data Protection Regulation) because they gather users’ personal data.
Mir hunn lescht Woch eise Rapport “Banking in Luxembourg” publizéiert de versicht en Iwwerbléck iwwert eis Bankeplaz ze ginn.
Find out more about the new CSSF Circular 18/698 issued on 23 August and discover the key aspects and new requirements.
