Eastern Caribbean Central Bank Publishes Policy Considerations for Data Protection and Privacy Legislation in the Eastern Caribbean Currency Union
The Eastern Caribbean Central Bank (ECCB) has published a comprehensive policy document outlining key considerations for the development of data protection and privacy legislation in the Eastern Caribbean Currency Union (ECCU). This initiative reflects the ECCB’s commitment to fostering a secure and resilient digital environment that upholds the privacy rights of individuals while facilitating technological advancement and economic growth.
As data continues to be recognised as a critical national and business asset, the establishment of a robust data protection framework is essential to safeguarding personal information against emerging security threats. The policy document emphasises the necessity of harmonised legislation across ECCU member states to ensure compliance with international standards and best practices.
Key considerations outlined in the document include: -
- The establishment of a Data Protection Authority (DPA) within the region to oversee compliance, enforcement, and regulatory guidance.
- Data processing requirements that prioritise transparency, accountability and the implementation of privacy-by-design principles.
- The rights of data subjects including access to personal information, the right to rectification and data portability.
- The obligations of data controllers and processors in ensuring the lawful and secure handling of personal data.
- Enforcement mechanisms designed to be effective, proportionate and dissuasive against non-compliance.
The ECCB recognises that a harmonised approach to data protection is integral to fostering trust in the region’s digital economy and ensuring that legislative measures align with global regulatory frameworks. Stakeholders, including policymakers, businesses, and the general public, are encouraged to review the policy document and contribute to future ongoing discussions on strengthening data protection within the ECCU.
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