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Backing for GDPR-style penalties for consumer law breaches
EU law makers have endorsed plans to give regulators scope to issue GDPR-style fines against businesses that breach consumer law.
HMRC consults on extending off-payroll working rules to private sector
HM Revenue and Customs (HMRC) has opened a consultation on how new rules that will make businesses liable for determining the tax status of contractors who work through personal service companies (PSCs) will operate once they are extended to the private sector in April 2020.
NAO flags challenges facing UK digital ID scheme
A digital identity (ID) scheme developed by the UK government may become unaffordable to government departments once public funding for the initiative is removed next year, the National Audit Office (NAO) has warned.
EU and UK insurance regulators agree 'no deal' Brexit cooperation
Insurance regulators in the EU and UK have agreed 'memorandums of understanding' (MoUs) setting out how they will cooperate and exchange information with each other should the UK exit the EU without a formal withdrawal agreement.
UK and US agree cooperation for derivatives clearing and trading after Brexit
The UK and US authorities have reached a deal to coordinate and cooperate to ensure that there will be 'continuity and stability' for derivatives trading and clearing between the two countries after Brexit.
GDPR spurs cybersecurity improvements at FTSE 350 companies
The introduction of the General Data Protection Regulation (GDPR) spurred the UK's biggest public companies to improve the measures they put in place to protect data, according to a UK government survey.