Regulation no problem for Futu! This will fly after November 1
ConclusionsAs the PIPL will become effective on November 1, 2021, it is critical for any company which carries out processing of personal information of people located within the PRC to conduct data mapping and gap analysis to evaluate whether it needs to develop or update its data privacy policy and procedures to fully comply with the PIPL. The PIPL reflects the converging trend of international data privacy regulations (such as the General Data Protection Regulation and the California Consumer Privacy Act) and adopts some international principles of data privacy protection. Therefore, it is important for companies and financial buyers that process personal information in multiple jurisdictions to re-examine their data privacy policies and practices, with a view to harmonizing the procedures for different regulatory authorities' requirements.
$Futu Holdings Ltd (FUTU.US)$
$Futu Holdings Ltd (FUTU.US)$
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