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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. The International Insurance Relations (G) Committee will be scheduling a conference call in early 2021 to discuss the NAIC’s comments to the IAIS’ draft document ahead of the January 22 comment deadline.

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Ransomware en masse on the wane: top threats inside web-phishing in H1 2020

Security Affairs

Singapore, 09/18/2020 — Group-IB , a global threat hunting and intelligence company headquartered in Singapore, evidenced the transformation of the threat portfolio over the first half of 2020. Secure web- phishing. These findings confirm adversaries’ growing interest in Big Game Hunting.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

In parallel with its development of the new model, the Privacy Working Group is continuing to draft a white paper on data ownership and use rights. The Privacy Working Group expects to expose an initial draft of the white paper in advance of the Fall 2022 Meeting. 43R — Loan-Backed and Structured Securities (SSAP No.

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UK ICO Publishes First Two Reports from its Data Protection Sandbox Pilot

Hunton Privacy

On July 23, 2020, the UK Information Commissioner’s Office (the “ICO”) published the first two reports of its Data Protection Regulatory Sandbox Beta phase (the “Beta phase”) involving projects by Jisc (a not-for-profit organization serving the higher and further education and skills sectors) and Heathrow Airport Ltd.

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The white paper identifies best practices currently used in a number of states and provides guidance for regulators in implementing those best practices. Subject to any further refinements by the IAIS based on public comments, the Holistic Framework is slated for adoption in late 2019, with implementation beginning in 2020.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

Valuation of Securities (E) Task Force Adopts an Amendment to the Purposes and Procedures Manual to Add Instructions for Review of Funds. The P&P Manual currently grants the NAIC’s Securities Valuation Office (SVO) discretion when determining whether a fund’s use of derivatives is consistent with a fixed income-like security (i.e.,