17 January, 2018, Abu Dhabi, UAE: Following the establishment of the Abu Dhabi Global Market (ADGM) Office of Data Protection in December 2017, ADGM is pleased to announce enhancements to the ADGM Data Protection Regulations and the launch of the Annual Data Protection Forum.
ADGM Data Protection Regulation Enhancements
ADGM has amended its Data Protection Regulations 2015 to enhance the clarity and effectiveness of the regime. The new enhancements include updates on matters such as defined terms, data breach notification timeframes and deadlines for notifications to the Registrar, alongside expanded enforcement provisions.
In addition, the enhancements expand the list of jurisdictions designated in the Regulations as providing an adequate level of protection of personal data. Designation facilitates the free flow of personal data from ADGM to those jurisdictions and improves ease of doing business for ADGM firms. The additional jurisdictions include: Andorra, Dubai International Financial Centre (DIFC) and the Faroe Islands.
To view or download the amended regulations and other information, please visit www.adgm.com > doing business >registration authority > office of data protection.
The amendments take effect on 1st February 2018.
ADGM Launches Annual Data Protection Forum
As part of its commitment to privacy and data protection, ADGM is pleased to announce the launch of the Annual Data Protection Forum. The inaugural event, taking place on 28 January 2018, marks the occasion of International Data Protection Day and will feature several speakers including key note speaker, Mr Lahoussine Aniss, Secretary General of the National Commission for the Control of the Protection of Personal Data (CNDP), Morocco.
The Office of Data Protection is the independent data protection regulator for Abu Dhabi Global Market. The Office of Data Protection is based within the Registration Authority and is responsible for promoting data protection in ADGM, maintaining a register of Data Controllers, enforcing the obligations upon Data Controllers and upholding the rights of individuals.
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that this roles includes connecting the dynamic and the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linked : ADGM
For further enquiries, please contact:
- Afra AL Rashdi , Senior Manager, Communications
Telephone: +971 2 333 8853