Fiona Maclean

Nov 20, 2024 | jdsupra.com | Charlotte Collins |Fiona Maclean |Rob Moulton

The new regime will take effect on 1 January 2025, but will not diminish the responsibilities of financial services firms relying on the services of critical third parties. On 12 November 2024, the PRA, FCA, and Bank of England jointly published a Policy Statement (PRA PS16/24 and FCA PS24/16), setting out their final rules for critical third parties (CTPs).

Sep 6, 2024 | jdsupra.com | Fiona Maclean |Clayton G. Northouse

Latham & Watkins and Privacy Laws & Business recently co-hosted a webinar looking back on the first eight months since the UK-US Data Bridge entered into force. Speakers from the UK Information Commissioner’s Office (ICO) and the US Privacy and Civil Liberties Oversight Board joined the panel for a broad discussion on the practical implementation and future outlook of the UK-US Data Bridge.

Aug 16, 2024 | jdsupra.com | Gail Crawford |Deborah Kirk |Fiona Maclean

The Online Safety Act (the OSA) received Royal Assent on 26 October 2023 and is now in force. The OSA establishes an extensive regulatory framework for providers of online user-to-user services and search services with links to the UK (see applicability flowchart in Schedule 2).

Dec 12, 2023 | jdsupra.com | Charlotte Collins |Fiona Maclean |Rob Moulton

Critical Third Parties serving the UK financial sector must ready themselves for compliance with the newly proposed operational resilience requirements. On 7 December 2023, the PRA, FCA, and BoE jointly published a Consultation Paper (PRA CP26/23 and FCA CP23/30) which proposes a set of regulatory requirements and expectations for critical third parties (CTPs) that provide services to authorised persons, relevant service providers, and financial market infrastructure entities (FMIs).