China: Navigating China episode 16: New data lifecycle guidelines for financial institutions in China – detailed assessments, additional security measures and some data localisation introduced
DLA Piper Privacy Matters
APRIL 20, 2021
In practice this will require financial institutions to assess and classify/tag financial data against the five levels, and apply the relevant compliance obligations to each level accordingly. Data localisation: level 5 data (i.e. This could be a substantial task for some financial institutions. are fulfilled.
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