Martin Cook

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Articles

OECD publishes paper on AI incident reporting

1 month ago | lexology.com | Tom Whittaker |Brian Wong |Lucy Pegler |Martin Cook |Liz Smith

The Organisation for Economic Co-operation and Development (OECD) has published a paper on working towards a common framework for AI incident reporting. According to the OECD: This paper presents a common framework for reporting artificial intelligence (AI) incidents that provides a global benchmark for stakeholders across jurisdictions and sectors.
The regulatory push to improve financial promotions

Feb 28, 2024 | lexology.com | Martin Cook |Matthew Kaltsas-Walker |Brandon Wong |John Roberts

We are seeing a degree of uptick in regulatory activism on this topic, including: industry-wide communications from the FCA; new regulatory rules and rigour; and an enlarged scope of the financial promotions regime, including movement into new product categories such as cryptoassetsThe regulatory push to improve financial promotionsWe recently delivered a webinar on the topic of financial promotions. You can view the webinar here.
What’s next for UK fintech?

Jan 3, 2024 | lexology.com | Martin Cook

A look at the latest funding and regulation trends in a dynamic fintech marketThe UK is home to a world-renowned fintech sector – one that contributes £11 billion to the nation’s economy, and supports more than 76,000 jobs. But it’s a landscape marked by polarisation. ‘Winning’ businesses are flying higher and higher, but others are finding it increasingly difficult to navigate the road ahead and to secure the support they need to continue their growth journey.
Crackdown On Cryptoasset Promotions: FCA's New Guidance For The Industry - Fin Tech - UK

Dec 6, 2023 | mondaq.com | Martin Cook

On 2 November 2023, the Financial Conduct Authority (FCA) published its finalised non-handbook guidance on cryptoasset financial promotions (the guidance) (FG23-3 Finalised non-handbook guidance on Cryptoasset Financial Promotions). This follows the new rules on the promotion of cryptoassets that took effect from 8 October 2023 (PS23/6 Financial promotion rules for cryptoassets; seeNews brief. The guidance itself: Clarifies how firms can comply with the new cryptoasset promotion rules.
Crackdown on cryptoasset promotions: FCA’s new guidance for the industry

Dec 4, 2023 | lexology.com | Martin Cook |Brandon Wong

The Financial Conduct Authority has published its finalised non-handbook guidance on cryptoasset financial promotions.
An Introduction To And Current Issues Facing Investment Platforms

Nov 30, 2023 | mondaq.com | Martin Cook

The platform sector has grown rapidly over recent years and is likely to continue this form. The FCA has intense focus on ensuring that the very highest of standards apply in an environment where consumers can invest with confidence, understand the risks they face and are clear about the availability of regulatory protections if things go wrong The "platform" is a simple concept. It is a tool to provide access to investment products through an online portal.
Spotlight On Fintech Video Series (Video)

Oct 11, 2023 | mondaq.com | Martin Cook

Throughout this video series our expert Fintech team will share insights as to how we work and support our Fintech clients, in all areas from people issues to brand protection, regulatory compliance to incentives, governance to investment. You can sign up for Fintech updates here. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Communications and Digital Committee inquiry into large language models

Aug 15, 2023 | lexology.com | Tom Whittaker |Brian Wong |Martin Cook

The UK Parliament Communications and Digital Committee is launching an inquiry that will "examine large language models and what needs to happen over the next 1–3 years to ensure the UK can respond to their opportunities and risks". The inquiry will evaluate the work of Government and regulators, examine how well this addresses current and future technological capabilities, and review the implications of approaches taken elsewhere in the world.
Artificial intelligence regulation in the UK: our response to the government White Paper consultation

Aug 14, 2023 | lexology.com | Tom Whittaker |Brian Wong |Martin Cook

The UK government published a White Paper for A pro-innovation approach to AI regulation (see our overview here, and flowchart for navigating the White Paper here). The government is consulting on the White Paper; organisations such as the Information Commissioner's Office and Competition and Markets Authority have responded. We have, too.