News & Analysis as of

Information Commissioner's Office (ICO) Financial Conduct Authority (FCA)

Skadden, Arps, Slate, Meagher & Flom LLP

The UK ICO Publishes Its Strategy on AI Governance

Rather than specifically regulating artificial intelligence (AI), the UK government has opted to rely on the existing web of laws and regulations applying to technology across a spectrum of sectors in its jurisdiction. But...more

Morrison & Foerster LLP

European Digital Compliance: Key Digital Regulation & Compliance Developments - May 2024

To help organizations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance...more

Akin Gump Strauss Hauer & Feld LLP

Digital Lords Committee Hears Evidence From Artificial Intelligence (AI) Firms and Regulators

On 21 November 2023, as part of its inquiry into large language models (LLMs), the UK’s Communications and Digital Lords Committee considered the role of regulators and emerging trends regarding LLMs, including evidence from...more

Morrison & Foerster LLP

UK Data Recording Obligations – Have You Got the Message?

In recent weeks, the use of encrypted messaging applications for business purposes has returned to the spotlight. In July 2023, legal challenges surrounding the disclosure of messages on devices used by former Prime Minister...more

A&O Shearman

Tips from the Top: A conversation with the UK's tech regulators

A&O Shearman on

Earlier this summer, as part of our women in tech initiative, Talking Tech Together, Allen & Overy hosted an engaging and insightful virtual fireside chat with senior women from four of the tech regulators in the UK: the UK...more

Morgan Lewis - Tech & Sourcing

Ofcom Announces Program to Examine Hyperscalers

On September 22, the Office of Communications (Ofcom)—the United Kingdom’s communications regulator—announced and released a program of work stating its intention to examine the position of the largest providers of cloud...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Employment Flash - September 2021

In this issue of UK Employment Flash, we examine the latest employment law developments from the UK, including the law governing the return to the workplace and flexible working requests and a proposal to impose a duty on...more

A&O Shearman

Key Regulatory Topics: Weekly Update March 2021 #4

A&O Shearman on

FCA consults on updated mortgages tailored support guidance – Covid-19 On 5 March, the FCA published updated draft mortgages tailored support guidance for firms, to apply from 1 April at the expiration of the current...more

Morgan Lewis - Tech & Sourcing

Digital Platforms: UK Digital Regulation Cooperation Forum to Include Financial Conduct Authority

The United Kingdom’s Digital Regulation Cooperation Forum (DRCF) on March 10 announced in its 2021–2022 workplan that the UK Financial Conduct Authority (FCA) will join as a full member from April 1, 2021....more

Hogan Lovells

Financial institutions general regulatory news, February 2021 # 4

Hogan Lovells on

Operational resilience: developments in the financial services sector in the UK - In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new...more

Akin Gump Strauss Hauer & Feld LLP

U.K. Privacy Regulator Clarifies How U.K. Firms May Respond to SEC Document and Records Requests

Key Points The United States Securities and Exchange Commission (SEC) is able to make requests of U.K. firms (including U.K. branches of non-U.K. firms) to provide books and records and other documents of SEC regulated...more

BCLP

UK HR Two Minute Monthly: philosophical belief; equal pay; sexual harassment

BCLP on

Our February 2020 update outlines key UK employment law developments from January. It includes cases on ethical veganism as a philosophical belief, equal pay and the difficulties in defending such claims, the impact of the...more

Latham & Watkins LLP

Regulator Raises Concerns Over Alternative Data

Latham & Watkins LLP on

The FCA is considering whether alternative data could introduce new risks to market integrity. The FCA’s recently published Insight article explores how alternative data might give rise to market abuse risks. The article...more

BCLP

Data Breaches

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Ready for the Inevitable? Barely a day goes by without a data breach hitting the headlines. It is becoming a fact of life for any firm holding data that, from time to time, some of that data might be lost, stolen,...more

Morgan Lewis

GDPR’s New Requirements: What Investment Managers, Funds, Banks, and Broker-Dealers Need to Know

Morgan Lewis on

The European General Data Protection Regulation, which will come into force on May 25, 2018, requires companies, including investment managers, funds, banks, and broker-dealers, with operations in Europe or information about...more

Dechert LLP

Investment Funds Update Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on

FCA Report on Algorithmic Trading Compliance in the Wholesale Markets - The FCA published a report on “Algorithmic Trading Compliance in Wholesale Markets” on 12 February 2018. The report followed certain research into...more

Dechert LLP

Asset Management Regulatory Roundup - February 2018 - Issue 4

Dechert LLP on

A compact summary of the most recent regulatory developments relevant to the UK asset management industry. This issue includes details of an FCA report on algorithmic trading; the publication of the FSMA (Benchmarks)...more

Proskauer Rose LLP

Regulation Round Up - November 2017

Proskauer Rose LLP on

3 November - The Financial Conduct Authority (FCA) published an alert setting out key considerations for principals who have appointed representatives or introducer appointed representatives. Among other things, the alert...more

Orrick - Finance 20/20

New FCA Web Page on Cyber Resilience

Orrick - Finance 20/20 on

On May 18, 2017, the FCA published a new Web page on cyber resilience. The FCA notes that cyber risks pose a threat to all financial services firms. Firms should be aware of the threat, able to defend themselves...more

Seyfarth Shaw LLP

No Safe Harbour? Immediate Implications for Employers

Seyfarth Shaw LLP on

A landmark decision of the European Court of Justice (ECJ) has held that companies may no longer rely on “Safe Harbour” to justify transferring personal data from the European Union to the US, because the US Government has a...more

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