CFA Society SL-EY panel discussion to focus on Data Protection Act

CFA Society Sri Lanka in collaboration with Ernst & Young will be hosting a panel discussion with ICTA General Counsel and Sri Lanka CERT Director Jayantha Fernando, EY Global Delivery Services Associate Director Nakul Chopra, NDB Capital Holdings Limited Head of Compliance Suhadini Wickremasinghe with EY Sri Lanka Senior Director Shanaka De Silva as the moderator on Sri Lanka Data Protection Act (DPA).

The discussion to provide a viewpoint from industry experts on the salient requirements of the newly-enacted privacy regulation, journey of other organisations that have undergone similar transformation due to enactment of EU-GDPR and share insights on privacy framework and methodology organisations should consider.

Board audit committee members, risk committee members, internal audit risk and compliance professionals, human resource personnel, IS/IT professionals, other decision makers and interested parties are invited to join this panel discussion organised by the CFA Society Sri Lanka on April 8, 2022, at 3:30 p.m. 

Sri Lankan Parliament confirmed the enactment of the much-awaited DPA on March 10, 2022, empowering the Data Protection Authority to impose penalties of up to Rs.10 million per non-compliance and providing individuals with ‘data subject rights to exercise their ‘Right to Privacy’. 

To a large extent, the new privacy law is in line with global privacy regulations such as EU-GDPR (General Data Protection Regulations) requiring organisations to appoint data protection officer (DPO), process data in a transparent, lawful and fair manne, conduct data protection impact assessment (DPIA), report breaches to authority and implement appropriate safeguards to protect personal data from unauthorised use, modification and disclosure.