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UK Government’s White Paper on AI Regulation Gets Stamp of Approval from CMA It’s good to get a gold star on your homework, particularly when that homework relates to the future of AI regulation in the UK. On 1 June 2023, the CMA responded to the UK government’s consultation on its white paper AI Regulation: A Pro-Innovation...
Cooperation, Dialogue, Divergence: The Future UK-EU Relationship in Financial Services Regulatory dialogue between the EU and the UK is set to resume officially with the adoption by the European Commission of a draft Memorandum of Understanding (MoU) establishing a framework for structured regulatory cooperation between the parties in...
And what about Brexit? During a debate on the Spring Finance Bill, Gareth Davies, Exchequer Secretary to the Treasury, emphasised the UK government’s intention to take “full advantage of the opportunities arising from the UK’s exit from the European Union”, and to “make the...
National merger reviews under the microscope: insights from digital and tech mergers assessed by competition authorities in the EU Earlier this year, the European Commission published a report that provides an overview of how national competition authorities (NCAs) across the EU have approached mergers in digital and technology markets in recent years. The report sets out the...
Blackjack, Poker and... Crypto? This post was prepared with Alice Gordon, Financial Regulation knowledge paralegal. All bets are off for the cryptoasset (‘crypto’) industry following publication of the House of Common’s Treasury Committee report on Regulating Crypto last week. The...
TikTok: Why the ICO fined them £12.7m On 4 April 2023, the ICO fined TikTok Ltd and TikTok Inc £12.7 million for breaching the UK GDPR. This represents over a 50% reduction from the £27m fine included in their September 2022 notice of intent. The ICO’s press release explains this reduction...
Transparency and generative AI – opening the black box? As generative AI continues to dominate headlines, one aspect that governments and regulators across the world are trying to grapple with is how best to balance the rights of AI developers and IP rights holders. With real-world disputes starting to come...
Blackjack, Poker and… Crypto? All bets are off for the cryptoasset (‘crypto’) industry following publication of the House of Common’s Treasury Committee report on Regulating Crypto last week. The report has hit the headlines in light of the Committee's view that retail trading and...
Irish DPC Meta (Facebook) data transfers decision: record €1.2 billion GDPR fine and fresh SCC uncertainty for business Today, the Irish Data Protection Commission (Irish DPC) has made public its long-awaited decision on Meta’s EU-US data transfers for its Facebook service. The decision follows the landmark Schrems II CJEU case (which we discussed in this blog at the time)...
Generative AI – three golden rules You’ve seen the headlines around generative AI (good and bad), but what three things should your organisation do if it is planning to use (or is already using) this ground breaking technology?  In this blog I look at the need to understand a bit about the...