Nick Pantlin

Jan 21, 2025 | herbertsmithfreehills.com | Clive Cunningham |Nick Pantlin |Marina Reason |Kelesi Blundell

OPERATIONAL RESILIENCE: PROPOSED CTP REGIMES – UK / EU COMPARISON UK (FSM Bill + DP3/22) EU (DORA) 1. Scope of Regime Applies to CTPs only. Firms remain subject to existing rules (and regulator expectations) on operational resilience, outsourcing and third party risk management. Wide category of CTP services: CTPs are not limited to digital / data service providers. Cloud Services Providers (CSPs) are likely to be considered for designation.

Feb 16, 2024 | mondaq.com | Nick Pantlin |Claire Wiseman |Alex Cravero |Veronica Roberts

Following landmark developments in 2023, the international spotlight remains firmly on AI regulation as we enter into 2024. The last few days alone have not only seen the COREPER Ambassador's agreement on the EU AI Act, but also the long-awaited released yesterday ("Response") and the House of Lords Communication and Digital Committee report on "Large language models and generative AI" ("Report") published at the end of last week.

Feb 7, 2024 | lexology.com | Nick Pantlin |Claire Wiseman |Sara Lee |Rachel Montagnon

Following landmark developments in 2023, the international spotlight remains firmly on AI regulation as we enter into 2024. The last few days alone have not only seen the COREPER Ambassador’s agreement on the EU AI Act, but also the long-awaited released yesterday (“Response“) and the House of Lords Communication and Digital Committee report on “Large language models and generative AI” (“Report“) published at the end of last week.

Nov 7, 2023 | lexology.com | Jenny Stainsby |Hywel Jenkins |Chris Ninan |Clive Cunningham |Miriam Everett |Nick Pantlin | +2 more

On 13 October 2023, the UK Financial Conduct Authority (FCA) published its press release and Final Notice to Equifax Limited (Equifax Ltd), the UK subsidiary of US company Equifax Inc, in relation to a major 2017 data breach which affected over 13.7 million UK consumers. The FCA determined that the firm had breached Principles 3, 6 and 7 of its Principles for Businesses and imposed a fine of over £11m on Equifax Ltd.

Feb 20, 2023 | lexology.com | Clive Cunningham |Nick Pantlin |Marina Reason |Kelesi Blundell |Chris Whittaker |Terence Lau

Regulators around the world are focused on the operational resilience of financial institutions, financial market infrastructures (FMIs) and the financial system as a whole. One area of significant risk to the financial system is the dependency of financial institutions on critical third parties (CTPs), particularly in relation to the cloud and other information and communication technology (ICT) services.