New legislation around privacy fits well within existing SRO structure
The existing regulatory framework in the securities industry, and in fact across the financial sector, can be modified or adopted to the proposals within the draft privacy legislation for making relevant codes and guidelines to manage individual online rights and impose a formal enforcement and certification process.
In May 2019, the federal government requested public comments on proposed amendments to federal privacy legislation. These amendments are sweeping, including changes to existing privacy laws and incorporating a set of “online rights” for Canadians. These new online rights include data portabilit...
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