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Find out moreWe are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full editionThe ADGM has published two new rules supplementing the Data Protection Regulations of 2021 (“DPR 2021”): (i) Data Protection Regulations (“Fees”) Rules 2021 (“Fees Rules”); and (ii) Data Protection Regulations (“Fines”) Rules 2021 (“Fines Rules”) on 25 July 2021.
As per Article 24 of the DPR 2021, Controller is required to pay to the Commissioner a Data Protection Fee before it starts its data processing activities and subsequently pay a Renewal fee on every anniversary of its processing activities. The Fees Rules sets out this Data Protection Fee and Renewal Fee which is USD 300 each.
Further, Article 56 of the DPR 2021 states that the Commissioner may impose a fine where a Controller fails to pay the Data Protection Fee or the Renewal Fee in accordance with Section 24 of the DPR. Such fines have been determined by the Fines Rules which states that a fine of up to a maximum of 750 (USD) for a failure to pay the Data Protection Fee and a fine of up to a maximum of 250 (USD) for failure to pay the Renewal Fee.
The Fees Rules and Fines Rules will come into effect from the date of DPR 2021 that is:
As the leading law firm in the Middle East & North Africa region and with a reputable and dedicated regional data privacy practice, Al Tamimi & Company is well placed to assist you all matters relating to Data Protection and Privacy. Please reach out to our team if you have any queries.
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