Latest Legal and Regulatory news update - 27th March

Latest Legal and Regulatory news update - 27th March

In this issue:


Risk & Compliance



Information Law & TMT




Brexit Bulletin—future UK-EU relationship

On 18 March 2020, the European Commission’s UK Task Force (UKTF) published its proposed draft legal text for an ‘ambitious and comprehensive’ future partnership agreement between the EU and the UK. The draft ‘translates into a legal text the negotiating directives approved by Member States in the General Affairs Council on 25 February 2020, in line with the Political Declaration agreed between the EU and the UK in October 2019’. Face-to-face talks remain suspended due to coronavirus (COVID-19). Commenting on the draft, Richard Eccles, partner at Bird & Bird, warns that the UK and EU negotiators are far apart with very little time to find a compromise. See: LNB News 19/03/2020 39.

Risk & Compliance


Risk & compliance forecast

Our new Risk & Compliance forecast (as at 24 March 2020) is now live. This month, we report on issues including (1) data protection; (2) AML and CTF; (3) crime prevention; (4) employment; and (5) regulation of legal services. You can rest assured we're tracking forthcoming regulatory changes so you can plan ahead. See News Analysis: Risk & Compliance forecast as at 24 March 2020.


Coronavirus (COVID-19)

The Solicitors Regulation Authority (SRA) has published an update on coronavirus, providing answers to questions for members of the public and the legal community related to compliance, training rules and its ability to serve the community at this time. The SRA has also confirmed that it will be looking at how it can help the legal community while continuing to keep the public protected. See: LNB News 24/03/2020 37.

The Office of Financial Sanctions Implementation (OFSI) has set out the measures it is adopting to ensure its service is minimally disrupted in light of the coronavirus pandemic. Any queries sent to the OFSI mailbox are

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About the author:
Allison is a former partner of Shoosmiths, with extensive experience of legal management and practice compliance.