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PRACTICE NOTES
ARCHIVED: This archived Practice Note observes the impact made on the TMT sector following the end of the implementation period under the Withdrawal Agreement and the EU (Withdrawal Agreement) Act 2020. 11 pm (GMT) on 31 December 2020 marked the end of the implementation period put in place to enable the UK to transition away from the EU’s laws and institutions. At this point in time (referred to in this document as ‘IP completion day’) there was an immediate and significant change in the UK’s legal regime. This Practice Note explains the implications of this change in relation to the following areas of TMT law and practice: • Overview—what happened on 31 December 2020 • TMT implications of the EU-UK Trade and Cooperation Agreement • Access to EEA workers • Technology contracts • Drones • Internet of things • Software licensing • Cloud computing • E-commerce • Domain names • ePrivacy • Data protection • Media • Telecoms • Advertising • Databases • Defamation For a tracker of key TMT Brexit legislation and guidance, see
PRACTICE NOTES
This Practice Note identifies key forthcoming or proposed regulatory or legislative changes affecting risk and compliance professionals as at 21 June 2022. It is intended to allow you to plan ahead. Whenever a regulatory or legislative change occurs we will report it via our news updating service. We will also ensure we provide relevant guidance and, if necessary, amend or draft new Precedents. Compliance forecast key dates 2022–2026 When? What? Will I have to do something? 2022 UK government’s revised Modern Slavery Act 2015 statutory guidance expected to be published (originally expected before the end of 2020)—see: Modern slavery Yes 2022 New NCA SAR Online Portal expected to go live—see: Anti-money laundering and counter-terrorist financing For information August 2022 ICO to review the Age Appropriate Design Code and the effectiveness of the resources provided—see: Data protection For information 1 September 2022 Money Laundering and Terrorist Financing (Amendment) (No 2) Regulations 2022 expected to come into force—see: Anti-money laundering and counter-terrorist financing For information 1 September
NEWS
This week's edition of Practice Compliance weekly highlights includes: all the latest news on sanctions, including the world’s first sanctions regime targeting irregular migration gangs, publication of the long-awaited fourth national money laundering and terrorist financing risk assessment, publication of the government’s response to its 2024 consultation on the Money Laundering Regulations 2017, an update on the government’s ransomware consultation, and the latest whistleblowing developments.
NEWS
This week's edition of EU Law weekly highlights includes analysis of Google’s reversal on web cookies and the effect of the European Supervisory Authorities’ opinion on the Sustainable Finance Disclosures Regulation on ESG product classification. In addition, the European Commission published FAQs to support the implementation of the Corporate Sustainability Reporting Directive, the European Banking Authority set out key priorities for resolution authorities and banks for 2025, the European Insurance and Occupational Pensions Authority published a follow-up report on the collaboration of insurance supervisory authorities, and China initiated a World Trade Organization dispute complaint on EU subsidy duties on electric vehicles.
NEWS
This week's edition of Practice Compliance weekly highlights includes the European Commission's updated Model Contractual Clauses for AI Procurement and the applicability of the EU's AI rulebook, a Legal Services Threat Assessment Report by OFSI, the Serious Fraud Office's new fraud prevention powers and covert tactics to address self-reporting declines and an analysis of the UK’s current approach to modern slavery.
NEWS
This week's edition of Practice Compliance weekly highlights includes: the latest on financial sanctions, the FATF’s annual report, news of the ICO’s launch of a direct marketing advice generator, the SRA’s survey on first-tier complaints handling procedures for law firms, and other practice compliance updates.
NEWS
This week's edition of TMT weekly highlights includes: a hand-picked summary of news analysis, updates and new content from across the technology, media and telecoms sectors. These highlights focus on key topics including new technologies, software, cloud computing, internet, outsourcing, music, film & television, publishing, defamation and telecoms.
NEWS
This week's edition of Practice Compliance weekly highlights includes: new OFSI guidance and enforcement action relating to Russian sanctions breaches, the SRA’s updated anti-money laundering sectoral risk assessment, and new ICO guidance on preventing data breaches through secure document disclosure. Additional updates cover solicitor engagement with children in youth courts, LeO's enhanced remedies guidance for complaint resolution and a consultation on increasing case fees. Developments in AI compliance include the Commission and AI Board’s recognition of the GPAI Code of Practice and the European Parliament’s call for enhanced traceability in generative AI systems.
NEWS
This week's edition of Risk & Compliance weekly highlights includes: the ICO’s consultation on changes to data protection complaint handling, the implementation of the corporate ‘failure to prevent fraud’ offence alongside expert commentary on its effectiveness and reasonable procedures, HM Treasury’s consultation and proposals reforming the Money Laundering Regulations, an analysis of the expanded corporate liability proposal in the Crime and Policing Bill, and the government’s modern slavery reporting template.
NEWS
This week's edition of EU Law weekly highlights includes the announcement of the proposed composition and structure of the Commission for 2024–2029, the publication of the State of the Energy Union Report for 2024, a finding by the European Consumer Organisation that a number of leading video game companies are utilising unfair practices, and the Commission sharing its intention to consult on new standard contractual clauses for third-country data importers subject to EU GDPR. In addition, this week’s highlights includes analyses on Uber being fined €290m for unauthorised data transfers to the US, the General Court’s decision to uphold sanctions on Russia’s securities clearinghouse, and the European Commission confirming that it cannot review the new Chinese EV offer to limit the application of the planned EU countervailing duties.
NEWS
This week's edition of Practice Compliance weekly highlights includes: the latest sanctions news, approval of AML guidance for the legal sector by HMT, new guidance on corporate self-reporting and DPAs by the SFO and an analysis on what legal teams need to know about AI standards.
NEWS
This week's edition of Life Sciences weekly highlights includes news that EU industry, including MedTech Europe and EFPIA, published a joint statement calling for the withdrawal of the proposed AI Liability Directive, the European Commission has announced plans for a Critical Medicines Act to address essential medicines supply chain vulnerabilities which follows the EFPIA proposed action plan to address medicine shortages in Europe, the ABPI has strongly criticised the high Voluntary Scheme for Branded Medicines Pricing and Access (VPAG) payment rate of 22.9% for 2025, the Commission has initiated a comprehensive review of Regulation (EU) 316/2014, the Technology Transfer Block Exemption Regulation (TTBER) and accompanying Guidelines, and a European industry joint statement raises concerns about draft guidelines on Article 102 TFEU. Also included, is news that the IMDRF has released final guidelines on good machine learning practices in medical device development and another on risk characterisation for medical device software and software-specific risks, the UK government issued its response and a final Code of Practice for AI in Cyber Security, the MHRA launched a revised and expanded ILAP pathway for innovative medicines from March 2025, a new regulatory framework for medicines manufactured at the ‘point of care’ (POC) and modular manufacturing came into force on 24 January 2025 and the MHRA has launched a consultation on regulatory guidance for individualised mRNA cancer immunotherapies, among other stories.