What does this cover?

The Serbian Commissioner for Information of Public Importance and Personal Data Protection (the Poverenik), has expressed criticism of the Ministry of Justice's proposed new data protection legislation (the Draft Law) this month.

In a press release published by the Poverenik's office, it is reported that the Poverenik expressed that "the draft ignored most of the problems observed in practice and that if it was adopted as a law, not only would contribute to improving the situation in the field of protection of personal data, but could also become a source of additional problems… The draft law ignores the necessity for the development of knowledge of the persons responsible for the handling of personal data and does not provide any formal obligation to education. In a situation in which we are meeting with drastic examples of ignorance of the responsible persons that have a consequence Without prejudice grave violations of human rights, this is particularly incomprehensible and worrying" [Translation].

The press release is available here (Serbian).

What action could be taken to manage risks that may arise from this development?

Financial services companies with operations in Serbia should make sure to remain up to date with developments on the draft legislation; which will have some impact on the regulation of data protection law in Serbia when enacted.