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Latest documents
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DDTC Publishes Proposed ITAR Amendments to Enhance AUKUS Defense Trade
On May 1, 2024, the Department of State’s Directorate of Defense Trade Controls (DDTC) published a proposed rule that, if implemented, would streamline defense trade between and among Australia, the United Kingdom (UK), and the United States in furtherance of the trilateral security partnership (the “AUKUS” partnership). DDTC issued the proposed rule pursuant to new authorities and...
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Changes to the UK investigatory powers regime receive royal assent
On April 25, 2024, the UK’s Investigatory Powers (Amendment) Act 2024 (“IP(A)A”) received royal assent and became law. This law makes the first substantive amendments to the existing Investigatory Powers Act 2016 (“IPA”) since it came into effect, and follows an independent review of the effectiveness of the IPA published in June 2023. The most...
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OFSI Launches New Financial Sanctions FAQs
On May 1, 2024, the UK’s financial sanctions regulator – the Office of Financial Sanctions Implementation (“OFSI”) – launched a new Frequently Asked Quesstion service, setting out consolidated responses to frequently asked questions about UK financial sanctions. Russia is the key focus, with FAQs dedicated to the UK’s asset freezing sanctions, other financial prohibitions, and...
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FCA and PRA Publish Final Securitisation Rules: Key Points
Firms will need to update their internal procedures and ensure they are ready to comply with the new requirements ahead of 1 November 2024. HM Treasury (HMT), the Financial Conduct Authority (FCA), and the Prudential Regulation Authority (PRA) have fired the starting gun for the race to 1 November 2024, when the new UK securitisation framework will commence. HMT, the FCA, and the PRA decided to implement the new rules on 1 November 2024 in response to requests from market participants for a six-month period to give them time to prepare.
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DDTC Publishes Proposed ITAR Amendments to Enhance AUKUS Defense Trade
On May 1, 2024, the Department of State’s Directorate of Defense Trade Controls (DDTC) published a proposed rule that, if implemented, would streamline defense trade between and among Australia, the United Kingdom (UK), and the United States in furtherance of the trilateral security partnership (the “AUKUS” partnership). Click here to continue reading the full version...
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April Employment Law Round-Up: Platform Workers, Non-Competes and Beyond
Although many employment changes in the UK are largely on ice until after the election later this year, April has seen a number of employment law developments – largely from the courts. We highlight some recent decisions, on protection for striking workers, reasonable adjustments for disabled employees, an unhelpful decision on claims for holiday pay, and a more helpful decision limiting whistleblowing claims.
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UK Jurisdiction Taskforce Concludes Digital Assets Compatible With English Insolvency Law
The Legal Statement applies areas of insolvency law to digital assets, providing valuable guidance on the approach English courts will take. In October 2023, the UK’s Jurisdiction Taskforce (UKJT), which is made up of senior judges, lawyers, a law commissioner, and the Financial Conduct Authority as an observer, issued a consultation on the treatment of digital assets in an English insolvency. This has resulted in the issuance of a Legal Statement on Digital Assets and English Insolvency Law, in which the UKJT has concluded that existing English insolvency law is “entirely capable of convenient and sensible application to disputes concerning digital assets”. Although lacking any binding authority, the Legal Statement provides valuable guidance on the likely approach that the English courts will take to these issues.
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UK ICO and Ofcom Joint Statement on Regulation of Online Services
The UK Information Commissioner’s Office and the UK regulator for communications and online safety, Ofcom, issued a joint statement regarding their collaboration on the regulation of online services.
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Researchers assess allergen information on food bought online
According to a study, food allergen information given online can be lacking or provided in different formats. Researchers evaluated the accuracy and compliance of information and labeling of substances or products causing allergies or intolerances in food and drink imported from Asia and purchased online in the United Kingdom. Food allergen issues are a major...
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MHRA Outlines New Strategic Approach to Artificial Intelligence
On April 30, 2024, the UK Medicines and Healthcare products Regulatory Agency (“MHRA”) outlined its strategic approach (“Approach”) to artificial intelligence (“AI”). The Approach is a response to the UK Government’s white paper: a pro-innovation approach to AI regulation and subsequent Secretary of State letter of 1 February 2024, and is the culmination of 12...