North American, UK, Asian regulators press EU on data privacy exemption

Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations.

Failure by the EU to explicitly exempt markets regulators from the bloc’s General Data Protection Regulation (GDPR) could jeopardize international probes and enforcement actions in cases involving market manipulation and fraud, the officials warned.

Source: Exclusive: North American, UK, Asian regulators press EU on data privacy exemption | Reuters

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