ADGM aims at increasing the protection of personal data

SourceGulf Today

Abu Dhabi Global Market has enacted the Data Protection Regulations 2021. Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre located in Abu Dhabi, announced on Sunday that it has enacted the Data Protection Regulations 2021, which will replace the current Data Protection Regulations 2015. This initiative follows a period of public consultation, where the proposed Regulations received positive public feedback. ADGM conducted an international benchmark of international standards and best practices and believes the European Union's General Data Protection Regulation (which took effect in May 2018) is the leading international standard and best practice for robust Data Protection legislation.

The new Regulations are adapted to the needs of Abu Dhabi Global Market and are intended to be proportionate and business friendly, without undermining the key ambition of achieving a high standard of protection for personal data. An important feature of the new framework is the establishment of an independent Office of Data Protection, headed by a more...