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Issue 122

Enforcement updates

The European Securities and Markets Authority (ESMA) has fined trade repository REGIS-TR S.A., EUR 186,000 for violations under the European Market Infrastructure Regulation (EMIR). The authority noted that the company failed to ensure the integrity of the data reported to it due to various data processing incidents. It was also noted that REGIS-TR committed three further breaches resulting in the provision of wrong and unreliable reports to regulators by failing to verify the correctness and completeness of the data received by the reporting parties.

Swedish Authority for Privacy Protection (IMY) issued a fine of SEK 7,500,000 on Klarna Bank AB. Upon conducting the investigation, IMY noted that the bank failed to provide information on the purpose and the legal basis of processing personal data. Further, the bank provided incomplete and misleading information about who were the recipients of different categories of personal data when data was shared with Swedish and foreign credit information companies.

The Danish Data Protection Agency warned FysioDanmark Hillerod ApS’ for their intended use of a facial recognition system for conducting access control with customers and employees. The agency issued a warning to the company that it would probably be contrary to the rules of the General Data Protection Regulation if the company used the system without the consent of the company’s customers.

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