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The Dubai International Financial Center (DIFC or Centre), the leading international financial center in the Middle East, Africa and South Asia (MEASA) region, has formally agreed with the UK Department of Digital, Culture, Media and Sports (DCMS) on the Data Protection Act, DIFC Act No. 5 of 2020 (DP Act 2020). The collaboration between DIFC and DCMS is the UK as a whole International data transmission method, Including creating a International Committee of Data Transmission Experts In addition to the above assessment of DIFC and the other five highest priority jurisdictions. This process is to determine whether the 2020 DP Act is substantially equivalent to the UK General Data Protection Regulation and the 2018 UK Data Protection Act (UK DPA). The full recognition of DIFC’s data protection law means that it is fair and effective enough to protect data originating from the United Kingdom processed by entities in the center.
Acknowledgment will strengthen the flow of data between jurisdictions, help establish better trade relations, and promote high standards of accountability and transparency for companies dealing with DIFC entities.
Arif Amiri, CEO of DIFC Authority, Said: “At DIFC, we are committed to implementing first-class regulations and standards in all our business functions to ensure that we provide comprehensive financial services that meet the needs of our partners. Data protection and
Privacy protection is a key factor that affects the work done by companies working at DIFC, so we are pleased to work with the UK Department of Digital, Culture, Media and Sports to ensure full recognition in the UK and strengthen DIFC and international standards. This step will further highlight how DIFC’s practical and effective legal infrastructure has become a model for data protection in the region, and will help consolidate DIFC’s position as one of the world’s leading financial centers. “
DP Act 2020
DIFC’s DP Act 2020 is the updated version of the oldest data protection law in the Gulf Cooperation Council region. The first law was promulgated in 2004 and revised in 2007. Based on the UK, EU and global data protection principles and best practices, the DP Act 2020 sets out expectations for DIFC controllers and processors with respect to a number of key privacy and security principles. It combines the best practices of various current world-class data protection laws, and balances other forward-looking and technologically agnostic concepts with strong protection of personal privacy. The protection measures of transferring data from DIFC to other jurisdictions that do not have or do not have data protection laws will bring risks to privacy, so the laws of the jurisdictions need to be recognized as equivalent or “sufficient.”
DCMS evaluation and decision
The UK has the right to recognize other laws in accordance with its own national data protection laws. Through DCMS’s rigorous review process of DIFC data flow and the unique legal and regulatory framework of DIFC as a free zone, the center hopes that the DP Act in 2020 will be recognized, proving that it is sufficiently compatible with the UK DPA. The final decision of DCMS will be made in due course after a complete and robust evaluation process is completed and sufficient evidence of the required elements provided by DIFC is provided.
Commissioner’s full approval decision
It is worth noting that the DIFC data protection officer also has this full decision-making power. Please note that the Commissioner’s previous statement on the continued recognition of the United Kingdom after Brexit in March 2019 and the list of jurisdictions recognized by the Commissioner’s Office. In addition to cooperating with other data protection regulators to promote data protection and security throughout the UAE and globally, other adequacy decisions of the Gulf Cooperation Council and other regional laws or cross-border transfer consortia will be announced in due course.
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