New Decree Governing Cybersecurity
21/09/2022 07:00
Whilst the Law on Cybersecurity came into effect as from 1 January 2019 (Law on Cybersecurity), it has taken more than three years to finalise the implementing decree after numerous drafts for opinions and consideration by the relevant State authorities and stakeholders. On 15 August 2022, the long-awaited decree was finally issued by the Government with effect as from 1 October 2022 (Decree 53), which is expected to have significant impact upon the business operations of both local and foreign entities in the sectors captured under such decree.
Our Legal Update sets out the key contents of Decree 53 with respect to the data localisation and local presence requirements.