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EU AI Office Seeks Stakeholder Engagement in Drafting AI Act Implementing Rules

The EU AI Office has just published a consultation on the topics that should be covered by the first general-purpose AI (GPAI) Code of Practice and a call for interest to participate in drafting the Code....more

FCA Consults on Revamped Guidance for Financial Promotions on Social Media

Regulator clarifies that existing FCA rules will continue to apply but will also reflect the evolving landscape of financial promotions on social media. On 17 July 2023, the FCA published a guidance consultation (GC23/2)...more

UK Data Protection Bill: Overview of Proposed Changes (Part 1)

The bill would largely build on the UK data protection regime’s EU GDPR-style framework, albeit with UK-specific provisions. The UK government introduced the Data Protection and Digital Information Bill (the Bill) to...more

UK Data Protection Reform: Examining the Road Ahead

UK government sets out ambitious proposal for reforming the UK data protection landscape. On 17 June 2022, the Department for Culture, Media and Sport (DCMS) published its response to its consultation “Data: a new...more

ICO Launches Consultation on Age-Appropriate Design: A Code of Practice for ISS

Online services have until 31 May to respond to 16 draft standards of age-appropriate design. The ICO is required by s123 of the Data Protection Act 2018 to prepare a code of practice which contains guidance on standards...more

EDPB Publishes Regulatory Guidance on Territorial Scope of GDPR

The Guidance provides helpful clarifications for service providers and their customers on both sides of the Atlantic. Long-awaited guidance on the territorial scope of the General Data Protection Regulation (GDPR) has been...more

European Banking Authority’s Draft Guidelines on Outsourcing: Discussion of Key Themes

The EBA’s draft guidelines on outsourcing will impact cloud outsourcing and institutions’ deployment of FinTech. On 4 September 2018, a wide audience of interested individuals gathered at Canary Wharf for a public hearing...more

Cybersecurity: UK Government Releases Response to Public Consultation on NIS Directive

Proposed changes provide indication of the yet-to-be-published contents of the NIS Directive’s implementing regulation. The UK government moved closer to implementing the Security of Network and Information Systems...more

Up into the Clouds?

Cloud services come with the promise of many benefits for the financial services sector. Cloud computing offers large-scale and cost-effective solutions for data storage and efficient processing and is also the underlying...more

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