10 Things Banking And Finance Providers Should Know About The Protection Of Personal Information Act (POPIA)

E
ENS

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ENS is an independent law firm with over 200 years of experience. The firm has over 600 practitioners in 14 offices on the continent, in Ghana, Mauritius, Namibia, Rwanda, South Africa, Tanzania and Uganda.
Where does POPIA come from and when does it apply?...
South Africa Finance and Banking
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Overview

  • Where does POPIA come from and when does it apply?
  • Who are the role-players?
  • Operators vs Responsible parties in structured finance and securitization
  • Role of the IO/DIO
  • Who can go to jail?
  • When can personal information be processed?
  • Transborder transfers
  • Prior authorization
  • Security compromises
  • Non-compliance

When does POPIA apply?

Who is POPIA's mother?

  • The OECD Privacy Guidelines, 1980 were the first internationally agreed statement of the core information privacy principles
  • The Guidelines served as a basis for other international instruments, like the EU Directive 95/46/EC
  • The EU Directive was replaced by the General Data Protection Regulation (GDPR) in May 2018
  • Section 3(3)(a) of POPIA provides that the Act must be interpreted in a manner that gives effect to the purpose of POPIA set out in section 2. These include regulation of the manner in which personal information may be processed, by establishing conditions, in harmony with international standards that prescribe the minimum threshold requirements for the lawful processing of personal information
  • POPIA also gives effect to the Constitutional right to privacy

POPIA timeline & milestones

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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