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Will the UK regulate AI? In this briefing we look at the Government's approach to regulating AI, set out in its response to the House of Lords AI report and its recent Brexit White paper. We also highlight some other issues discussed in the Government's response to the...

FCA finalised guidance on its approach to Part VII insurance business transfers FCA guidance; Part VII transfers; Brexit-related transfers Briefing note discussing the FCA’s finalised guidance on its approach to Part VII insurance business transfers – FG18/4. Key points discussed include: the extent to which the...

Tax and the City Review - April 2025 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider: The implications for the insurance industry of the FTT’s decision in Hastings that the UK legislation was ineffective to prevent “offshore looping” of insurance services at the...

EU publishes draft adequacy decisions for transfers of personal data to the UK The EU Commission has published two draft adequacy decisions for transfers of personal data to the UK, one under the GDPR and the other for the Law Enforcement Directive. This will be welcome news to many UK and EU businesses grappling with the...

Digital Regulation: What to expect in 2025 The last few years have seen a wave of new, sometimes overlapping, digital regulation across the globe. The EU’s ambitious digital programme has resulted in numerous pieces of legislation, while the UK is treading a delicate line of testing post-Brexit...

Financial Regulatory Divergence between the UK and EU Financial services has been lauded by the UK government as an area where regulatory divergence between the UK and EU will yield a Brexit dividend. But the current extent of divergence, and its direction of travel, is context-specific and it is easy to...

Henry's back... The release of Sue Gray’s update report on 31st January somewhat overshadowed the Prime Minister’s announcement of a Brexit Freedoms Bill, timed to coincide with the two-year anniversary of the UK’s withdrawal from the European Union. On exit day...

A reprieve for EU-UK data flows but other data privacy implications remain Many will have breathed a sigh of relief when the news filtered through that the EU-UK Trade and Cooperation Agreement agreed on 24 December included a temporary solution for the continued free flow of personal data between the EU and the UK. This...

UK tax after IP completion day Although the UK left the EU at 11pm on 31 January 2020, most people would not have noticed any change because the effect of the transitional arrangements under the UK-EU Withdrawal Agreement deferred many of the legal effects of Brexit in UK law. The UK...

What the deal means for financial services: No change for now The Brexit trade deal lays down the details of the future relationship between the UK and the EU. The main document is the UK-EU Trade and Cooperation Agreement (TCA) which (at the time of writing) is in force provisionally, with ratification to follow ....