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European Union › Recordkeeping Requirements › Regulatory Reform

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
A&O Shearman

European Commission publishes proposals for simplification of the GDPR

A&O Shearman on

On May 21 2025, the European Commission adopted a Single Market Simplification proposal, containing a new package of measures for the simplification of the EU single market with the aim of reducing bureaucracy and regulatory...more

DLA Piper

Europe: European Commission Publishes Proposal for Simplification of the GDPR

DLA Piper on

The European Commission has published its proposal for a new regulation simplifying the EU General Data Protection Regulation (“GDPR”) requirements for small mid-cap enterprises (“the Proposal“). The Proposal forms part of...more

Troutman Pepper Locke

OFAC Recordkeeping Requirement Extended to 10 Years

Troutman Pepper Locke on

On March 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a final rule extending the recordkeeping requirements under OFAC’s regulations from five years to 10 years. This change...more

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