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Tackling Online Abuse In Sport: The UK’s Online Safety Act 2023
After years in the making, the Online Safety Act (the “OSA”) has come into force after receiving Royal Assent on 26 October 2023 (as discussed in our blog here). Amidst the proliferation of social media use, there has been a worrying increase in the levels of abuse that players, athletes, officials, managers, coaches and other...
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House of Commons Environmental Audit Committee publishes report on the financial sector and the UK’s net zero transition
On 29 November 2023, the House of Commons Environmental Audit Committee published its report on the financial sector and the UK’s net zero transition. The report follows an inquiry, launched by the Committee in May 2022 to examine the role of financial institutions in meeting the UK Government’s climate and environment targets. In this report,...
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UK Sustainability Disclosure Framework – FCA publishes final rules on Sustainability Disclosure Requirements and investment labels
On 28 November 2023, the UK’s Financial Conduct Authority published its “Sustainability Disclosure Requirements (“SDR“) and investment labels” policy statement (PS23/16) (the “Policy Statement”). The Policy Statement introduces a set of new rules aimed at tackling greenwashing, including investment product sustainability labels and restrictions on how terms like “ESG”, “green” and “sustainable” can be used....
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(UK) Director Administration Appointments: Does the Company Really Need a Moratorium?
With increased public awareness that a notice of intention to appoint administrators (NOI) has been filed, we are finding that third parties – usually the company’s creditors, suppliers and employees – are disrupting the administration process in a way that can cause significant risks to a company’s ability to continue trading, the overall value of...
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UK Sustainability Disclosure Framework – FCA publishes final rules on Sustainability Disclosure Requirements and investment labels
On 28 November 2023, the UK’s Financial Conduct Authority (“FCA“) published its “Sustainability Disclosure Requirements (“SDR“) and investment labels” policy statement (PS23/16) (the “Policy Statement“). The Policy Statement introduces a set of new rules aimed at tackling greenwashing, including investment product sustainability labels and restrictions on how terms like “ESG”, “green” and “sustainable” can be...
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Major E. coli and other UK outbreaks in focus at ESCAIDE
More details have been shared about a major E. coli outbreak linked to salad and other past incidents in the United Kingdom. Presentations at the European Scientific Conference on Applied Infectious Disease Epidemiology (ESCAIDE) covered a large E. coli outbreak in the UK and other epidemics caused by Shigella and Salmonella. In late August and September...
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VPAG – New 5-Year Pricing Agreement Agreed between UK Government and the UK Pharmaceutical Industry Body (ABPI)
On 20 November 2023, the UK Government and the Association of the British Pharmaceutical Industry (“ABPI”) ‒ the industry body representing the innovative pharmaceutical industry in the UK ‒ announced a new 5-year voluntary scheme for branded medicines pricing, access and growth (“VPAG”). Although the parties have announced agreement upon heads of terms, it is...
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The Impact of AI Foundation Models on Competition, Consumers and Regulation: A View from the UK’s CMA
The Competition and Markets Authority (CMA), the UK’s competition regulator, announced this month that it plans on publishing an update in March 2024 to its initial report on AI foundation models (published in September 2023). The update will be the result of the CMA launching a “significant programme of engagement” in the UK, the United...
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Online Travel Update: More Booking.com Customers Cite Fraudulent Emails andHubli Launches API Offering Real-Time Meeting and Event Inventory
With the U.S. holiday, this past week was definitely a quiet one. Enjoy. Stories Continue to Emerge About Booking.com’s Ongoing Fraud Challenges. For several weeks now, we’ve included several stories about Booking.com users being asked (fraudulently) to provide bank card details to preserve their previously made bookings. To date, most of these stories have come...
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Artificial Intelligence (Regulation) Bill: UK Private Members’ Bill underscores wide-spread regulatory concerns
A Private Members’ Bill, the Artificial Intelligence (Regulation) Bill (the Bill), has been introduced into House of Lords (the UK’s upper House of the UK Parliament) and is currently at the second Parliamentary stage. The King’s Speech, which set out the agenda for the current Parliamentary session, did not contain any proposals from the Government for legislation on AI,...