Personal data

In line with the EU’s GDPR, the regulation of the personal information protection is to be more restricted. The EBC recognises that discussion for the next amendment of the Personal Information Protection Law that is subject to a review every three years is under way which is led by the Personal Information Protection Commission (PPC). The EBC recognises that stricter regulation for use of high protected data such as facial photo data, introduction of injunction by consumer group and administrative monetary penalty system are being considered among other things. The EBC recommends that the FSA, together with PPC, secure clear provisions and issue swift guidelines in relation to the law amendment.