Data Privacy Compliance Best Practices For Asset Managers

Law360 (October 9, 2019, 5:32 PM EDT) -- In recent years, asset managers have had to engage with a series of new data privacy laws: the E.U. General Data Protection Regulation, the Cayman Islands Data Protection Law and – most recently – the California Consumer Privacy Act. This wave of privacy regulation has put asset managers in the position of having to evaluate the unique requirements of these laws and determine an approach to compliance on each occasion.

The trend is only beginning, with new privacy laws in the legislative pipeline in other large states, including Massachusetts, Pennsylvania and New York. If passed, these laws will present yet another...

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