Data localization is the practice of storing and processing data in the same country where you originally collected it. Copyright 2020 Digital Finance Media Limited. In one of the more animated discussions here at the International Conference of Data Protection and Privacy Commissioners in Hong Kong, a diverse panel of privacy professionals, policymakers and former regulators debated the future of global data localization law. Get colocation pricing now! China, Russia, and India). Hong Kong: Coronavirus Pandemic Country Profile. HONG KONG, March 11 (Reuters) - Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirements, companies needs and privacy concerns, two people said. "I was delighted to make use of Pangeanic's SMT developments with TAUS TDA Data and their customization to our publishing needs." . It eliminates manual/double data entry to the Golden Tax System. 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But some observers disagree with that assessment. A Practice Note providing an overview of global data localization laws that may require companies to physically store personal information or other data within a particular country, limit cross-border data transfers, or locally host some information technology infrastructure, including servers and other components. Unlike most transnational corporations that adapt local culture to accommodate local tastes in foreign markets, we . Hong Kong Chung Data Center is built according to world-class standards, with 24 x 7 x 365 operations by a team of professionals. Research and data: Edouard Mathieu, Hannah Ritchie, Lucas Rods-Guirao, Cameron Appel, Daniel Gavrilov, Charlie Giattino, Joe Hasell, Bobbie Macdonald, Saloni Dattani, Diana Beltekian, Esteban Ortiz-Ospina, and Max Roser. However, in late 2014, Russian President Vladimir Putin signed a law changing the data localization law's effective date from September . It's different from data sovereignty but both of them are a reflection of cloud adoption readiness. You're all set to get top regulatory news updates sent directly to your inbox, You will receive an activation email shortly with verification instructions, This site is protected by reCAPTCHA and the Google. Subsequent convictions can result in a maximum fine of HK$100,000 with a daily penalty of HK$2,000 if the offence continues after conviction. Hong Kong issued significant new amendments to the PDPO in 2012 with a key focus on direct marketing regulation and enforcement with respect to the use of personal data. 43 open jobs for Localization manager in Hong Kong. Or you could just subscribe to DigFins newsletter. The materials herein are for informational purposes only and do not constitute legal advice. HONG KONG, March 11 (Reuters) - Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to. (Reporting by Alun John; Editing by Jennifer Hughes and Himani Sarkar). HKSA did not respond to requests for comment. The coordinates transformation between multiple sensors, and intrinsic measurements of camera can be found via Extrinsic Parameters, IMU Nosie and Intrinsic Parameters of Camera. This page is updated on the day that the data are released. This localization contains some words only used by Hongkongers. 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In this age of technology, it is often said that the most valuable resource is no longer oil or gas but data. . The table also specifies the abbreviation of the relevant country-specific environment that you'll see in the admin center. Can Singapore virtual banks actually make money? Statistics on Complaints Handled by Lump Sum Grant Independent Complaints Handling Committee, New Regulatory and Business; Taxation; Human Resources; Hong Kong Public Holidays. One critical aspect of these new legislative attempts has to do with Vietnam's data localization requirements. Data localization requirements are increasing around the world, presenting data-intensive businesses with a difficult choice: Establishing IT infrastructure in countries with data localization requirements in effect, or forego processing and transfer of their citizens' personal information, thereby making business operations in those countries practically impossible. The legislation needs an overhaul, but getting amendments or new laws passed in Hong Kong is a quagmire. Hong Kong moves to revive retail crypto business, SFC sounds warning over digital client onboarding, Applied A.I. The authenticity of this mutations was ascertained with separate PCR reactions and both strands were sequenced (data not shown). Patient . Provide regional weather in Hong Kong - the maximum and minimum air temperature from 1-minute mean temperatures since midnight (the data provided is provisional) This link will open in a new window. We examine how the Disney Company localizes Disneyland in Hong Kong. See here for a complete list of exchanges and delays. Or they wont be able to get big vendors to agree [to the undertaking]. The goal of data localization laws is to help governments maintain their citizens' data privacy by implementing some restrictions on how and whether their sensitive information can leave the country. Focusing on data localisation in the context of data privacy and the governance of globalised data flows, the report proposes a definition for data localisation, outlines a roadmap to ensure that data localisation does not impede transborder data flows, and makes recommendations to support such work. About . But industry bodies are working with SFC on some frequently asked questions to clarify the rules - to make compliance easier without limiting the regulators ability to obtain data during investigations, one of the people added. Queue Associates Worldwide China, Ltd., based in the Causeway Bay section of Hong Kong, supports Microsoft Dynamics 365 and other platform . . There is now no requirement of localization with respect to personal data. Save and organize information most relevant to you, Share your research and collaborate with other DataGuidance users, Get alerts based on your topics of interest, Understanding the New CPRA Draft Regulations & the ADPPA, UK: Overview of the Data Protection and Digital Information Bill, International: China's draft Standard Contract for cross-border data transfers - Implications and comparison against EU SCCs, Russia: Amendments to the Law on Personal Data - strengthening privacy compliance, 1.1. Shu Min Ho represents clients in complex, multi-jurisdictional investigations and commercial disputes across a broad range of sectors. Hong Kong Population 2022 (Live) 7,488,865. 28Hse provides information for the Hong Kong property market, including latest property listings by agents and landlords, property transaction data. There's another demand that European governments and repressive regimes alike are making and, in the long. Follow Law.asia. Professional Development Committee, ISACA China Hong Kong Chapter (Technology risk and cybersecurity professional) Alvin is a seasoned technology risk and cybersecurity professional. The industry is going to be pragmatic., I dont see anyone signing up with the SFC in perpetuity. For a fuller explanation of the DSBB and the statistical standards . the missing link in blockchain applications Things to Consider for the Localization and Translation of Your Business in Portuguese What is NLG and how does it work with the Natural Language . The practice has a dedicated IT team that is experienced in providing cost-effective solutions for traditional IT infrastructure, Cloud computing applications, and enterprise resource planning (ERP) systems. Politics has always been a sensitive topic for Chinese authorities. The regulator has in recent years taken a more aggressive stance against market misconduct after a series of wild price swings in Hong Kongs markets. People familiar with its discussions with industry say the SFC insisted on upholding the principle that it treats all firms equally big or small, local or international. This includes having institutions (in regulatory parlance, licensed corporations) appoint managers in charge, i.e. Barbecue Sites in Country Parks, New Search Localization jobs in Hong Kong with company ratings & salaries. Hong Kong, special administrative region (Pinyin: tebie xingzhengqu; Wade-Giles romanization: t'e-pieh hsing-cheng-ch') of China, located to the east of the Pearl River (Zhu Jiang) estuary on the south coast of China. The goal of these laws is to move data away from the geographically unbordered world of cyberspace, and plant data directly under local jurisdictions ( Kong, 2010 ). What is data localization? Join our community for free to access exclusive whitepapers, reports, and regulatory information. China's Data Security Law was published on June 10, 2021, and will be formally effective starting September 1, 2021. The annual inflation rate in Hong Kong skyrocketed to 4.5 percent in September of 2022 from 1.9 percent in the previous period. Nor can they simply hand over the entirety of a clients data. She points to text in the circular in which the undertaking required by vendors must conform substantially to an SFC template. The uneasy status quo for a number of years has been one of concern that China would introduce broad based data localization. Daily prevailing wind direction, New An SFC spokesman declined to comment. The images for download are geo-referenced to the local coordinate system in Hong Kong 1980 Grid. 242-FZ, was adopted as a set of amendments to Russia's On Personal Data Law in July 2014 and originally slated to come into force on September 1, 2016. Manager-in-charge solutions work well for big firms but the SFC lacked confidence it would suffice in all cases, and it wasnt about to risk data destruction or tampering. Right not to be subject to automated decision-making, China: CAC issues statement on investigating and sanctioning apps, France: Decree on processing whistleblowing reports published in Official Gazette, Ireland: Minister signs into law Protected Disclosures (Amendment) Act 2022, Netherlands: Council of State advises on latest amendments to whistleblowing bill, California: Governor approves bill on vehicle identification and registration through alternative devices. Hong Kong is a bi-literate and trilingual city where 88.9% of people speak Cantonese daily.The second popular language is English (4.3%), followed by Other Chinese dialects (3.1% ), Mandarin / Putonghua (1.9%), and other languages (1.9%). 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Economic & Financial Data for Hong Kong. Signup for a trial to access unlimited content. In other words, according to these external voices, the SFC has been burned by small-time local brokers who lacked the capacity to pay for proper compliance, or were dodgy. Accumulative Number of Senior Citizen Cards issued, New I have to create a new company DB with Hong Kong Localization, but I can't find it in the list. Microsoft may replicate to other regions for data resiliency, but Microsoft will not store or process customer data outside the selected Geo. Huaweis Genovese explains, What is Federated AI? You have out of 5 free articles left for the month. Boundary of Scheduled and Designated Areas, New Global tech companies have long. From simple server colocation to tailor-made managed services, we offer complete one-stop solutions. Prior to joining Sidley, Shu Min practiced at a magic circle firm in the UK. Local storage also means international players must separate Hong Kong-specific data, which is difficult. In part two of this series, OneTrust DataGuidance considers the rules in the APAC region which govern children's personal data, featuring perspectives from New Zealand, the Philippines, and Singapore. This daily updated RSS feed, provides information on data files at DATA.GOV.HK that are either newly made available or with destination path updated in the past 14 days. Out of a total of 28, ten data centers offer remote hands support, you can host . Data held and used by the Hong Kong government to govern the security, defence and the international relations of the country. Image: Statista 2. Data Sovereignty and the "cloud" firms might prefer a lawsuit to compliance. Regional weather in Hong Kong - the latest 1-minute mean air temperature. New The language of the law, passed in 2002, mandates the SFC to get its hands on institutions data when required, but didnt foresee digital developments. Second, the Hong Kong arm of a broker may put its data on a public cloud, where it commingles with data from that firm's Singapore or U.S. office. A requirement remains to store sensitive personal data in India, but such data may be transferred outside India for processing. The use of personal data in direct marketing without the data subject's consent is a criminal offence punishable by a fine of HK$500,000 and imprisonment of up to five years. What are stablecoins and why do they matter? Create a new company DB in Hong Kong Localization. How we communicate in daily life: Hong Kong culture is unique mixture of Chinese, British and Western culture in general. The 2022 Guidance is split into three "parts": Part 1 is an introduction of the 2022 Guidance and the rationale underpinning it; Hong Kong Toll Free: +852 2157 3950. info@pangeanic.com. Subscribers can view the subscribed feeds with any RSS reader or browser with built-in RSS reader. [Last updated: April 2022] Click here for trending data centers in Hong Kong. Identification of a PTEN mutation with reduced protein stability, phosphatase activity, and nuclear localization in Hong Kong patients with autistic features, neurodevelopmental delays, and macrocephaly . China's Ministry of Industry and Information Technology publishes draft regulations relating to the classification of data and data export restrictions. 2 China's recently published Data Security Law . Provide regional Weather in Hong Kong - the latest 10-minute mean wind direction and wind speed and maximum gust (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute global solar radiation and direct solar radiation and diffuse radiation (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute mean grass temperature from 5:00 p.m. to 8:00 a.m. the following date Hong Kong time (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute mean sea level pressure (the data provided is provisional). The data user has taken all reasonable precautions and exercised all due diligence to ensure that the data will not, in that place, be collected, held, processed, or used in any manner which, if that place were Hong Kong, would be a contravention of a requirement under the Ordinance. For example, China's Cybersecurity law is an excellent example of data localization. Topic: Data localization - trends and considerations from a cybersecurity perspective: Speaker: Alvin Li. Morning Walker Gardens in Country Parks, New But it has had quite a few experiences with smaller institutions whose managers in charge fled town before malfeasances came to light. Regional Weather in Hong Kong - the latest 1-minute global solar radiation and direct solar radiation and diffuse radiation, New Mainland China and India already have strict rules about storing data onshore. Nandan Nilekani explains, What is 5G for fintech? Survey of Drug Use among Students, New Information on number of complaints handled, category of complainant, nature of issue being screened or investigated, category of service being complained or investigated, and outcome of investigation. Statistics on Elder Abuse Cases, New Search Localization manager jobs in Hong Kong with company ratings & salaries. Age Distribution of Escalators, New This law can be treated as another pillar of China's legal framework on information security and data (privacy) protection, besides the Cybersecurity Law (CSL) that was launched in 2017 and focused on network security and the Personal Information Protection Law (PIPL), which . Every 10 Minutes. Statistics of (i) Standard Patent (Reregistration) Applications with Designated Patent Applications based on Patent Cooperation Treaty (PCT) applications; and (ii) Short-term Patent Applications based on PCT Applications, New Joint Financial Intelligence Unit Statistics, New Filter your results to find the right providers and facilities or call us at +1 833-471-7100. Brief: Dataset UrbanNav-HK-Data20190428 is collected in a typical urban canyon of Hong Kong near TST which involves high-rising buildings, numerous dynamic objects. What this means is cloud vendors, data storage centers, or hosts of messaging (e.g. Regional Weather in Hong Kong - the latest 10-minute mean wind direction and wind speed and maximum gust, New The region is bordered by Guangdong province to the north and the South China Sea to the east, south, and west. Hong Kong. Data localization laws are mostly applied to creating and storing personal information. Start your free trial to access unlimited articles, resources, guidance notes, and workspaces. It means vendors must change their business models in order to comply.. No. Laurence Van Der Loo, director for operations and technology at ASIFMA, says this raises three problems. But by publishing the circular on electronic data storage without full consultation, as alleged by industry associations and dumping the onus on vendors the SFC is taking a different risk: that not everyone will comply, and some market participants will reduce their activities in Hong Kong.
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