RoHS
EU directive restricting hazardous substances in electrical equipment
23 NYCRR 500
NY regulation for financial services cybersecurity requirements.
Quick Verdict
RoHS restricts hazardous substances in EEE for EU market access, ensuring safe recycling. 23 NYCRR 500 mandates cybersecurity programs for NY financial entities, protecting NPI. Companies adopt RoHS for product compliance, Part 500 to avoid fines and ensure resilience.
RoHS
Directive 2011/65/EU (RoHS 2)
Key Features
- Restricts ten hazardous substances at 0.1% in homogeneous materials
- Applies open-scope to all EEE unless explicitly excluded
- Mandates technical documentation and EU Declaration of Conformity
- Provides time-limited exemptions reviewed by delegated acts
- Enforces compliance via risk-based testing and supplier declarations
23 NYCRR 500
23 NYCRR Part 500 Cybersecurity Regulation
Key Features
- Annual CEO/CISO dual-signature compliance certification
- 72-hour notification for material cybersecurity incidents
- Phishing-resistant MFA for privileged and remote access
- Comprehensive TPSP risk assessment and contractual controls
- Annual penetration testing and vulnerability management
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
RoHS Details
What It Is
Directive 2011/65/EU (RoHS 2) is an EU regulation restricting the use of hazardous substances in electrical and electronic equipment (EEE). Its primary purpose is to protect human health and the environment by minimizing risks from EEE waste management and enhancing recyclability. The scope adopts an open approach covering all EEE unless explicitly excluded, with restrictions applied at the homogeneous material level using maximum concentration values (MCVs).
Key Components
- Ten restricted substances: Pb, Cd, Hg, Cr(VI), PBB, PBDE, DEHP, BBP, DBP, DIBP.
- Thresholds: 0.1% w/w for most, 0.01% for Cd in homogeneous materials.
- Annex III/IV exemptions, time-limited and reviewed via delegated acts.
- Compliance model based on self-declaration with technical file and EU Declaration of Conformity (DoC), integrated with CE marking.
Why Organizations Use It
- Mandatory for EU/EEA market access for EEE manufacturers, importers, distributors.
- Mitigates enforcement risks like fines, recalls; ensures supply chain integrity.
- Supports WEEE recyclability, ESG goals, level playing field.
- Builds stakeholder trust, reduces liability.
Implementation Overview
Risk-based: product scoping, BoM analysis, supplier declarations, tiered testing (IEC 62321), technical file assembly. Applies to all EEE sizes/industries; retention 10 years for audits. No mandatory certification, but market surveillance by Member States.
23 NYCRR 500 Details
What It Is
23 NYCRR Part 500 is the New York Department of Financial Services (NYDFS) Cybersecurity Regulation, a mandatory state-level framework for financial services entities. It establishes minimum risk-based cybersecurity requirements to protect nonpublic information (NPI) and information systems. The core approach is risk-based, mandating tailored programs informed by periodic risk assessments.
Key Components
- Governance: Qualified CISO appointment, board oversight, annual CEO/CISO dual certification.
- Technical controls: Phishing-resistant MFA, encryption, access privileges, asset inventories.
- 14 core requirements spanning risk assessment, TPSP oversight, penetration testing, incident response.
- Compliance model: Annual April 15 filing with 5-year evidence retention; Class A entities require enhanced audits.
Why Organizations Use It
- Legal mandate for NY-licensed financial entities (banks, insurers, etc.).
- Mitigates multimillion-dollar fines (e.g., $30M Robinhood).
- Enhances cyber resilience, TPSP contracts, insurance premiums.
- Builds stakeholder trust via demonstrable governance.
Implementation Overview
Phased roadmap: Gap analysis, risk assessment, MFA/encryption rollout, evidence repository. Targets Covered Entities in NY financial sector; scalable by size (Class A enhanced). No universal certification; focuses on internal audits, DFS examinations. (178 words)
Key Differences
| Aspect | RoHS | 23 NYCRR 500 |
|---|---|---|
| Scope | Hazardous substances in EEE materials | Cybersecurity program for information systems |
| Industry | Electrical/electronic equipment manufacturers, EEA-wide | NY financial services licensees, NY-specific |
| Nature | Mandatory EU product restriction directive | Mandatory NY state cybersecurity regulation |
| Testing | XRF screening, IEC 62321 lab analysis | Annual pen testing, vulnerability assessments |
| Penalties | Decentralized MS fines, product recalls | Multi-million fines, consent orders |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about RoHS and 23 NYCRR 500
RoHS FAQ
23 NYCRR 500 FAQ
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