Data retention policy hong kong

WebNov 27, 2024 · Hong Kong’s Securities and Futures Commission (SFC) issued a circular on 31 October 2024 (“Circular“) clarifying its expectations of SFC-licensed corporations (“LCs“) utilising electronic data storage providers (“EDSPs“) to store or process records electronically.These include: the introduction of important new requirements (including … WebJan 27, 2024 · In particular, such retention policy should address the maximum retention periods for the different categories of personal data and data users should disclose how the retention period would be calculated. 3. Sanctioning Powers ... (which places restrictions on the offshoring of personal data out of Hong Kong) will come into effect. ...

FTC Issues Final Commission Report on Protecting Consumer Privacy

DPP1 provides that personal data shall only be collected for a lawful purpose directly related to a function or activity of the data user. The data collected should be necessary and adequate but not excessive for such purpose. The means of collection should be lawful and fair. If you collect personal data … See more The PDPO is applicable to both the private and the public sectors. It is technology-neutral and principle-based. The Data Protection Principles … See more DPP3 prohibits the use of personal data for any new purpose which is not or is unrelated to the original purpose when collecting the data, … See more DPP2 requires data users to take all practicable steps to ensure that personal data is accurate and is not kept longer than is necessary for the fulfillment of the purpose for which … See more DPP4 requires that data users take all practicable steps to protect the personal data they hold against unauthorised or accidental access, processing, erasure, loss or use. Data … See more WebMar 26, 2012 · The Federal Trade Commission, the nation's chief privacy policy and enforcement agency, issued a final report setting forth best practices for businesses to protect the privacy of American consumers and give them greater control over the collection and use of their personal data. population of oakwood ohio https://familie-ramm.org

Data Retention and Disposal Policy for Student and Staff …

WebJul 22, 2024 · Hong Kong proposes to widen the current definition of “personal data” to cover not just “identified” persons but also “identifiable” persons. The amendment is expected to cover the use of... WebJul 19, 2024 · A Q&A guide providing a high-level overview of key records retention requirements relating to personal data in Singapore. It addresses governing laws, authority guidance, and sector-specific requirements. This Q&A does not address every records retention obligation under Singapore laws. Get full access to this document with … WebAlthough predicting when legislative processes conclude has an element of crystal ball gazing, we expect the proposal to require data users to have a data retention policy to … sharnford cofe primary school

Hong Kong: Hong Kong Data Protection Reform: What You Need To Know - Mondaq

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Data retention policy hong kong

Proper Handling of Data Access Request and Charging of …

WebAug 3, 2024 · A Q&A providing a high-level overview of key records retention requirements relating to personal data in Hong Kong. It addresses governing laws, authority guidance, and sector-specific requirements. This Q&A does not address every records retention obligation under Hong Kong laws. Get full access to this document with Practical Law WebAug 3, 2024 · A Q&A providing a high-level overview of key records retention requirements relating to personal data in Hong Kong. It addresses governing laws, authority …

Data retention policy hong kong

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Webpurposes for which the records were collected or subsequently used. After the maximum retention periods have expired, the documents should be either permanently deleted or anonymized (i.e., all references to data subjects should be redacted so that it is no longer possible to identify those persons). In Hong Kong there are some differing timeframes WebExperienced in governing complex personal data processing activities, where critical & compliance requirements are due. Holds 13 years of experience in various business verticals: Customer Operations, Process Enhancement, Legal, Compliance & Data Protection. Interested in Data Protection, Compliance & Security practices to utilize solid ...

WebDec 10, 2024 · These proposed reforms are summarised as follows: The introduction of mandatory data breach reporting. Imposing a requirement that data users formulate … WebNov 7, 2024 · Insights. Hong Kong SFC Issues New Guidelines on Electronic Data Storage. On 31 October, the Hong Kong Securities and Futures Commission (SFC) issued its Circular to Licensed Corporations – Use of External Electronic Data Storage and updated its FAQ for business and record keeping. This detailed and far-reaching set of guidelines …

WebDec 10, 2024 · If a licensed corporation has successfully obtained approval from the SFC under section 130 of the SFO for the premises (including data centres) of its affiliates, or the EDSPs engaged by such affiliates, for the keeping of electronic Regulatory Records, does it need to apply to the SFC again for section 130 approval if these same affiliates or ... WebAn organization’s data retention policy controls how it saves data for compliance or regulatory reasons, as well as how it disposes of data once it is no longer required. Even …

WebMar 17, 2003 · As client agreements form part of the records that are required to be kept by an intermediary under section 2 of the Schedule, they should be kept for at least 7 years …

WebHow to Keep Accounting Records for Your Hong Kong Business. The Inland Revenue Ordinance (Section 51C) requires that each company in Hong Kong must have … sharnford c of e primary schoolWebData Retention and Disposal Principle. The principle of “Need to know” shall be applied to retain or dispose the student and staff records as they are all personal data and … sharnford arms chinese menuWeb7.1. Data processing notification; 7.2. Data transfers; 7.3. Data processing records; 7.4. Data protection impact assessment; 7.5. Data protection officer appointment; … sharnford arms chineseWebThe Government of the Hong Kong Special Administrative Region of the People’s Republic of China . A GUIDE TO . KEEPING BUSINESS RECORDS . ... Retention of your records 2 Records that must be kept by all businesses 3 Additional records - businesses dealing in goods 3 Additional records - businesses providing services 4 ... sharnford arms menuWeb3.3 Collection of Hong Kong identity card number and copy 3.3.1 identity card number 3.3.2 identity card copy. 2 ... 3.6 Retention of customers’ personal data 3.6.1 establish a retention policy 3.6.2 case study – data of unsuccessful insurance applicants 3.6.3 case study – insurance documents of ex-clients ... sharnfold pyoWebdata of which the individual is the data subject; and (b) if the data user holds such data, to supply him with a copy of such data. A data user may refuse to comply with a DAR if the request is not made in writing with Chinese or English language. A DAR may also be made by a “relevant person” on behalf of an individual. population of obanWebData retention, also called records retention, is the continued storage of an organization's data for compliance or business reasons. sharnford