News & Analysis as of

United Kingdom New Guidance Risk Management

BCLP

The Long-Awaited FCA Paper on Non-financial Misconduct – Was It Worth the Wait?

BCLP on

On 2 July 2025, the FCA published a further consultation paper on “tackling non-financial misconduct in financial services”. The industry has been eagerly awaiting publication of this paper, in the hope that it will address...more

Cooley LLP

New UK Corporate Fraud Offence Takes Effect Soon: Prepare Your Business for Compliance

Cooley LLP on

The UK will introduce a new corporate offence of ‘failing to prevent fraud’ on 1 September 2025. The new law will make it much easier for the leading UK enforcement agencies to successfully prosecute large companies where...more

Seyfarth Shaw LLP

The False Claims Act Comes to Britain? Preparing for the ‘Failure to Prevent Fraud’ Offence

Seyfarth Shaw LLP on

In just a few months, the UK’s corporate criminal liability offence of Failure to Prevent Fraud (FTPF) comes into force. Modelled on the framework of the Failure to Prevent Bribery offence, FTPF imposes strict liability on...more

Hogan Lovells

Be vigilant: new post-market surveillance requirements for medical devices in Great Britain take effect

Hogan Lovells on

The Medical Devices (Post-market Surveillance Requirements) (Amendment) (Great Britain) Regulations 2024 (PMSR), which were passed into law on 22 October 2024, came into force today (16 June 2025), amending the UK’s Medical...more

A&O Shearman

CMORG AI Taskforce releases comprehensive AI Baseline Guidance

A&O Shearman on

The Cross Market Operational Resilience Group's (CMORG) AI Taskforce has released its AI Baseline Guidance Review (dated January 2025), accompanied by a press release. The CMORG AI Taskforce conducted a baseline review of...more

Hogan Lovells

UK Government updates guidance on modern slavery and supply chain transparency

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The UK Home Office has published an updated version of Transparency in Supply Chains (TISC), A Practical Guide which provides guidance on how organisations should “comply with the letter and spirit” of corporate reporting...more

BCLP

Are You Ready for Martyn’s Law?

BCLP on

The Terrorism (Protection of Premises) Act received Royal Assent on 3 April 2025 and is expected to be implemented within the next 24 months. There will be no legal requirement to comply until the legislation comes into...more

A&O Shearman

Pensions: What’s new this week? April 14, 2025

A&O Shearman on

Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR Climate change report - The Pensions Regulator (TPR) has...more

Latham & Watkins LLP

UK Government Issues Updated Modern Slavery Act Transparency Guidance: Key Takeaways for Businesses

Latham & Watkins LLP on

On 25 March 2025, the UK Home Office published its updated Transparency in Supply Chains (TISC): Statutory Guidance (the Guidance), which provides new and detailed recommendations to help organisations comply with Section 54...more

Mayer Brown

UK: Pensions – Updated Guidance on Employer Covenant Assessment

Mayer Brown on

AT A GLANCE - A new funding regime for defined benefit pension schemes in the United Kingdom came into force in September 2024. The new regime introduces a legal requirement for trustees to assess the strength of the...more

Hogan Lovells

MHRA publishes guidance on to new UK medical device post-market surveillance requirements

Hogan Lovells on

The Medicines and Healthcare products Regulatory Agency (MHRA) has issued a suite of guidance specifically designed to help medical device manufacturers understand and prepare for the new post-market surveillance (“PMS”)...more

A&O Shearman

Practical tips for large organisations to ensure reasonable procedures to prevent fraud are in place

A&O Shearman on

We distil key practical takeaways from the UK Government’s official guidance on the corporate criminal offence of failure to prevent fraud (the Guidance). Businesses and compliance teams will be working to review and...more

A&O Shearman

UK Financial Conduct Authority Publishes Expectations for Principals of Overseas Appointed Representatives

A&O Shearman on

The Financial Conduct Authority has published guidance on the challenges and expectations for principal firms with overseas appointed representatives. The AR regime allows authorized firms to appoint representatives to...more

A&O Shearman

UK Corporate Governance Code Guidance – smarter regulation

A&O Shearman on

Yesterday saw the publication of the Financial Reporting Council’s (the FRC) guidance to the UK Corporate Governance Code (the Guidance). See our bulletin from last week on the revised UK Corporate Governance Code (the...more

Mayer Brown

Cyber security – Pensions Regulator publishes updated guidance for trustees

Mayer Brown on

With the pensions industry having direct experience of recent cyber security incidents, the Pensions Regulator (TPR) has updated its guidance for trustees in this area. As a reminder, this year saw Capita suffer a cyber...more

A&O Shearman

UK – NCSC publishes guidance on shadow IT

A&O Shearman on

The UK National Cyber Security Centre (NCSC) published its guidance on shadow IT on 27 July 2023. ‘Shadow IT’ are unknown assets that are used within an organisation for business purposes (including in certain cloud...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Latham & Watkins LLP

FCA Issues New Safeguarding Guidance for Payment and E-Money Firms Amid COVID-19

Latham & Watkins LLP on

The additional temporary guidance aims to strengthen the arrangements for safeguarding customers’ funds and firms’ prudential risk management in light of the impact of COVID-19. On 9 July 2020, the FCA published its...more

Latham & Watkins LLP

The CFRF Guide to Climate-Related Financial Risk Management

Latham & Watkins LLP on

The CFRF’s practical Guide encourages UK regulated financial services firms to take active steps to manage climate-related financial risks. Background - On 29 June 2020, the Climate Financial Risk Forum (CFRF) launched...more

Orrick, Herrington & Sutcliffe LLP

Guidance from E.U. Supervisory Authorities on Data Processing in a Time of COVID-19

The European Data Protection Board (EDPB) and a number of European data protection supervisory authorities have recently issued guidance on processing personal data, including special categories of personal data (i.e., health...more

Littler

What UK Employers Should Know About the Wuhan Novel Coronavirus Outbreak

Littler on

The UK Department of Health and Social Care (DHSC) and Public Health England (PHE), have published guidance about the Wuhan novel coronavirus to the public in the UK and to UK travellers.The Foreign and Commonwealth office is...more

Latham & Watkins LLP

Land Agreements and Competition Law: Lessons From Recent CMA Guidance

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Businesses should review land agreements to avoid infringing competition law. Many UK businesses operate from, or handle property governed by, some form of land agreement. These land agreements can include agreements for...more

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