News & Analysis as of

United Kingdom Transparency

Orrick, Herrington & Sutcliffe LLP

The Economic Crime and Corporate Transparency Act 2023: Identity Verification

Identity Verification (“IDV”) is a new process requiring individuals that run, own or control UK companies or limited liability partnerships (“LLPs”) to prove their identity to Companies House. IDV registration is voluntary...more

NAVEX

[Webinar] ECCTA Compliance - Prepare Your People With Confidence - August 26th, 2:00 am PDT

NAVEX on

Join us for a timely and practical session on how organizations can begin preparing for ECCTA now – and how our new ECCTA compliance training supports core regulation elements, from top-level commitment to monitoring and...more

Hogan Lovells

Freedom of Information requests – is disclosure really in the public interest?

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On 23 July 2025 the Supreme Court handed down a judgment confirming the approach public authorities should take when deciding whether to disclose information under the Freedom of Information Act 2000 (FOIA), where there may...more

Herbert Smith Freehills Kramer

The NSTA’s New Disclosure Policy

On 31 July 2025, the North Sea Transition Authority (NSTA) confirmed its new approach to regulatory transparency by announcing its intention to publicly name companies subject to ongoing investigations and those who fail to...more

Ropes & Gray LLP

When Tax Meets Automation: Lessons From HMRC's Use (Or Not) Of Artificial Intelligence

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As businesses and individuals in the UK continue to explore the possibilities offered by artificial intelligence, it should come as no surprise that the Government has also embraced AI. Increasing productivity in the civil...more

A&O Shearman

FMSB consults on statement of good practice on unauthorised trading frameworks

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The Financial Markets Standards Board (FMSB) has published a transparency draft of its Statement of Good Practice (SoGP) on Unauthorised Trading Frameworks for consultation. This draft, which builds on FMSB's prior work on...more

Proskauer - Regulatory & Compliance

Tougher UK Sanctions Penalties on the Horizon as Consultation is Launched

On 22 July 2025, the UK’s Office of Financial Sanctions Implementation (“OFSI”) published a consultation paper proposing significant reforms to its civil enforcement processes. The proposals aim to enhance the effectiveness,...more

White & Case LLP

To ‘cut sewage pollution in half by 2030’ the Government seizes on the Cunliffe Report to restructure environmental law

White & Case LLP on

UK, Environment Secretary Steve Reed has announced immediate changes and a review of environmental law in response to the Independent Water Commission’s 465-page report (the "Cunliffe Report") on the UK's water industry....more

BCLP

New CMA Draft Guidance on Price Transparency: What You Need to Know

BCLP on

On 3 July, the CMA issued its draft guidance on the price transparency provisions in the Digital Markets, Competition and Consumers Act 2024 (DMCCA), and launched a consultation on this draft guidance (to close on 8 September...more

Mayer Brown

Copyright and Generative AI

Mayer Brown on

On 19 June 2025 the Data (Use and Access) Act (the "DUA Act") received Royal Assent and became law in the UK, having been passed by the UK Parliament on 11 June 2025. The DUA Act principally reforms the General Data...more

Paul Hastings LLP

UK Equity Capital Markets Insights — July 2025

Paul Hastings LLP on

As noted in the April edition of this newsletter, the FCA consulted in February 2024 and November 2024 on proposed measures to update and streamline its enforcement guide and to increase transparency in how it goes about...more

Association of Certified E-Discovery...

Navigating eDisclosure in the UK: Practice Direction 57AD, Scope, Challenges and a New Era

In October 2022, the UK legal system marked a significant evolution in its approach to disclosure with the implementation of Practice Direction 57AD (PD57AD). This directive, applicable to the Business and Property Courts of...more

Hogan Lovells

UK Data (Use and Access) Bill: copyright clauses finally agreed

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The Data (Use and Access) Bill was finally agreed by the House of Commons and House of Lords on 11 June 2025, in a final round of parliamentary ‘ping-pong’. The Bill is now waiting for Royal Assent. A number of...more

A&O Shearman

FCA findings on international payment pricing transparency

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The UK Financial Conduct Authority (FCA) has published examples of good and poor practices following its review into international payment pricing transparency. Under the consumer duty, in line with the FCA's Handbook (PRIN...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

White & Case LLP

A step towards transparency or the devil is in the detail? Analysing the effectiveness of the SFO’s new Corporate Guidance

White & Case LLP on

More than a decade ago, the concept of the Deferred Prosecution Agreement (DPA) became part of UK law. Ever since, there has been considerable uncertainty as to exactly what conditions a company needs to meet in order to be...more

Hogan Lovells

Reforms to UK clinical trials framework passed into law

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The Medicines for Human Use (Clinical Trials) (Amendment) Regulations 2024 were officially signed into law on 10 April 2025, marking a significant development in the UK clinical trials framework (the Medicines for Human Use...more

A&O Shearman

UK FCA policy statement on the DTO and PTRR services

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its policy statement (PS25/2) with final rules on the classes of derivatives subject to the derivatives trading obligation (DTO) and the new framework for the exemptions...more

A&O Shearman

UK: Health Data Research Service to provide single point of access to NHS data in the United Kingdom

A&O Shearman on

The U.K. Government has announced the creation of a new U.K-wide Health Data Research Service that will provide a secure single access point to national-scale data sets. The Wellcome Trust and the Government will invest up to...more

A&O Shearman

ICO reports findings of children's data protection in financial services

A&O Shearman on

The Information Commissioner's Office (ICO) has published its report alongside a press release following a review into the gathering and use of children's data in financial services, particularly from services supplying them...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

A&O Shearman

UK Register of Overseas Entities (Protection and Trusts) (Amendment) Regulations 2025

A&O Shearman on

The Register of Overseas Entities (Protection and Trusts) (Amendment) Regulations 2025 were published, alongside an explanatory memorandum. The Regulations amend the Register of Overseas Entities (Delivery, Protection and...more

A&O Shearman

The end of the road for (most of) the FCA's transparency proposals

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Just over a year ago, the UK Financial Conduct Authority (FCA) found itself at the centre of strong industry and political feedback when it first published its controversial proposals to ‘name and shame’ firms that it had...more

A&O Shearman

FSB letter to G20 finance ministers and central bank governors ahead of meeting

A&O Shearman on

The Financial Action Task Force (FATF) has published a second consultation on payment transparency, and in particular proposed revisions to recommendation 16 (R.16). The revisions adapt the FATF Standards to the changes in...more

Katten Muchin Rosenman LLP

Tax Transparency and Data Privacy — Which Wins?

As tax authorities embrace new digital technologies, the issue of safeguarding citizens' data privacy rights steps to the fore. Since the implementation of the EU General Data Protection Regulation (GDPR) in 2018, there has...more

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