Examples of Cybersecurity Review Measures in a sentence
According to the latest amended Cybersecurity Review Measures, which was promulgated on November 16, 2021 and became effective on February 15, 2022, an online platform operator holding more than one million users/users’ individual information shall be subject to cybersecurity review before listing abroad.
There remains uncertainty, however, as to how the Cybersecurity Review Measures and the Security Administration Draft will be interpreted or implemented and whether the PRC regulatory agencies, including the CAC, may adopt new laws, regulations, rules, or detailed implementation and interpretation related to the Cybersecurity Review Measures and the Security Administration Draft.
The Cybersecurity Review Measures required that, among others, if an internet platform operator holding over one million users’ personal information and intends to be listed in a foreign country, it must apply to the Cybersecurity Review Office housed in the CAC for cybersecurity review.
However, there are substantial uncertainties regarding the interpretation and application of the Cybersecurity Review Measures, other PRC Laws and future PRC Laws, and the relevant Governmental Agencies in the PRC may take a view that is contrary to or otherwise different from our opinions stated herein and may initiate cybersecurity review on the PRC Companies at their discretion.
Based on our understanding of the explicit provisions under the currently published and effective PRC Laws, except as disclosed in the Registration Statement, the PRC Companies are currently not required to apply to the Cybersecurity Review Office housed in the CAC for cybersecurity review for the Offering according to the Cybersecurity Review Measures.
The regulations reinforce China’s April 2020 Cybersecurity Review Measures in prioritizing the purchase of “secure and trusted” network products (Article 19), which could favor PRC vendors over foreign suppliers.119 Automotive-Vehicle DataChina is increasing the government’s control over data generated by automotive vehicles in China, including foreign firms’ vehicles, and the cross-border export of data generated by vehicles in China.
As a network platform operator who possesses personal information of more than one million users for purposes of the Cybersecurity Review Measures, the Company had applied for and completed a cybersecurity review with the CAC with respect to its overseas initial public offering and listing on Nasdaq in November 2022 pursuant to the Cybersecurity Review Measures.
Cybersecurity Review Measures: On July 10, the Cyberspace Administration of China (“CAC”) published the draft Cybersecurity Review Measures (“Measures”) for public consultation.
Procurement: In May 2019, the CAC issued draft Cybersecurity Review Measures for public comment.29 Under the measures, all “network products and services” purchased by critical information infrastructure operators will be subject to a cybersecurity review by the CAC.
The Cybersecurity Law, E-commerce Law, Cybersecurity Review Measures, etc., were promulgated and took effect; positive progress was made in information technology and cybersecurity standardization; progress was made in scientific discipline building and talent training; and cybersecurity protection capabilities were clearly strengthened.