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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. The March 7, 2019, exposure drafts of the CFR Model Laws have been revised to address those comments as well as certain other comments received from interested parties.

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5G use cases that are transforming the world

IBM Big Data Hub

Since its release in 2019, 5G broadband technology has been hailed as a breakthrough technology with big implications for both consumers and businesses. One example is the area of remote surgery that uses robotics and a high-definition live stream connected to the internet via a 5G network.

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Second Modified CCPA Draft Regulations Released—Comments Due March 27

HL Chronicle of Data Protection

These modifications update the initial draft regulations published on October 11, 2019 as well as the first set of modified draft regulations published on February 10, 2020 (as we previously covered here and here ). Below is a summary of key changes: Definitions. Guidance Regarding the Interpretation of CCPA Definitions.

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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”. Like the Model Law, the Act excludes from the definition of cybersecurity event any nonpublic information that was encrypted. 11 to the Ohio Revised Code.

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Digital Asset Securities: Joint SEC and FINRA Statement Aimed at Broker-Dealer Custody

Data Matters

On July 8, 2019, the long-awaited statement (Statement) on custody of digital asset securities was released jointly by the staffs (Staffs) of the U.S. Given the immutability of blockchain technology, certain digital asset securities transactions may not be reversible in the event of trade errors.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

In addition, certain currency and interest rate derivatives that hedge currency or interest rate risk associated with one or more specific equity or fixed-income investments of the fund are excluded from the 10% exposure calculation. short sale borrowings. reverse repurchase agreements or similar financing.

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Consultation paper published on Hong Kong’s data protection law

Data Protection Report

Amendment to the definition of personal data. Changes to the definition would expand the current definition to include information that relates to an “identifiable natural person”, rather than an “identified person”. These changes are the first changes to the PDPO to be proposed in over 10 years.

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