In March 2016, the EU Commission issued a draft decision stating that the Privacy Shield agreement negotiated between US officials and the EU Commission in January 2016, as a replacement for the former Safe Harbor agreement, offered adequate protection for EU citizens’ personal data transferred to and processed in the US. […]
Category: Securities Laws
EU-US Privacy Shield published
The full details of the Privacy Shield Agreement reached between EU Commission and US government officials at the beginning of February 2016 have now been published. […]
Safe Harbor: a step forward
To the surprise of some commentators, the discussions between the EU Commission and US government officials have now produced a form of agreement on a replacement data flow system for the Safe Harbor agreements. […]
What progress in replacing the Safe Harbor scheme?
The Judicial Committee of the US Senate approved the Judicial Redress Act (JRA) on 28 January 2016 (symbolically, International Data Privacy Day) designed to remove one of the obstacles which led to the Court of Justice in the European Community (CJEU) declaring that Safe Harbor agreements are no longer lawful under EU law. […]
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ECHR finds surveillance of private communications at work does not infringe human rights
The much litigated issue of employers’ rights to review employees’ private communications during working hours, using company equipment, has come before the European Court of Human Rights (ECHR). […]
Compensation & Benefits: EU Commission now narrows Prospectus Directive exemption for employee share schemes
Soon after announcing a blanket exemption the EU has revised its proposals […]
Compensation & Benefits: Prospectus Directive
In September 2009, the EU Commission proposed amendments to the current Prospectus Directive which would have extended the current exemption under the Directive to cover employee share schemes of all companies, including those not admitted to trading on an European Economic Area (EEA) “regulated market”. […]
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Compensation & Benefits: EU Commission proposes exempting all employee share schemes from the Prospectus Directive
The proposal extends the current employee share schemes exemption to all companies even if they are not listed on a regulated market in the EEA, but it may take some time to come into force […]
CRD 3 and restrictions on remuneration in the financial services sector
An amended version of CRD (the “Capital Requirements Directive”) 3 was published on 30 September 2010 by the Council of Europe. […]
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Amended Prospectus Directive finalised – extended exemption for employee shares schemes
The proposed early enactment into UK law of 2 of the recent amendments to the Prospectus Directive and the expansion of the share schemes exemption to include all EU companies. […]