Despite its statement in January that it would not be introducing any further regulation dealing with the handling and processing of personal data the Abu Dhabi Global Market (ADGM) last month published a consultation paper asking for comments on a standalone set of data protection regulations (Consultation).
The draft ‘ADGM Data Protection Regulations’ set out in the Consultation echo the core principles set out in the DPD, although going further in respect of consent and notification requirements.
The Consultation asks whether the ADGM should adopt such standalone regulations or simply rely on existing provisions set out in other legislation.
A copy of the Consultation is available here.
What action could be taken to manage risks that may arise from this development?
None – for information only. Financial services companies could consider whether to respond to the Consultation.