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California’s GDPR has become law

The California legislature passed the California Consumer Privacy Act, a sweeping new law that imposes stringent new GDPR-style privacy standards across sectors. Beginning in January 2020, California consumers will be granted new rights regarding how businesses collect and use their personal data, including a “right-to-be-forgotten” in certain circumstances. The law applies to...

Cyber security rules needed for pipelines: FERC commissioners

If you have turned on the news or picked up a paper lately, you have probably seen reports that foreign enemies are increasingly launching cyber-attacks on America’s critical infrastructure, including energy facilities. To address these threats, electric grid operators must comply with mandatory standards overseen by the Federal Energy Regulatory Commission (FERC) that protect...

Navigating global regulations – GDPR is now in effect

The General Data Protection Regulation (GDPR) took effect last week after two years of anticipation and preparation. Even though the GDPR is now in effect, US-based companies are still working to make sense of whether the GDPR applies to them, and what their obligations are if it does: What questions should US companies be asking about GDPR compliance now that the regulation has come...

FERC Clarifies FAST Act Regulations and Proposes Rules on Geomagnetic Disturbance Events

FERC has clarified its regulations implementing the Fixing America’s Surface Transportation Act (FAST Act) related to Critical Energy/Electric Infrastructure Information (CEII). In Order No. 833-A, issued May 17, 2018, FERC clarified that it would consider “public safety benefits” in evaluating a request for CEII, and that its CEII Coordinator may solicit input from affected parties in...

Protecting your assets Block and tackle—unclaimed property and cryptocurrency

As promoters of cryptocurrencies and digital-asset exchanges face intense scrutiny from tax, securities and other financial services regulators, they will soon have to contend with unclaimed property (or escheat) laws in the United States. This article explores how these laws could apply to cryptocurrency exchanges, hosted wallets, and other market participants, such as banks,...

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