Pinsent Masons Legal News - April

Apr 10, 2019

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UK approach on EU copyright reforms depends on Brexit
The UK government may not implement controversial new copyright laws that are set to be fixed in EU law in the coming weeks, the UK's Intellectual Property Office (IPO) has confirmed.
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Geo-blocking: businesses must act to ensure compliance
ANALYSIS: Businesses should check whether they need to make changes to their online sales methods to account for new 'geo-blocking' rules that came into force late last year.
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Court finds repudiation in software customer’s non-co-operation’
A recent ruling has highlighted how businesses might be said to be responsible for a repudiatory breach of contract through the indications they give in their words or conduct, an expert in the resolution of technology contract disputes has said.
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EBT deadline approaches as scale of HMRC scrutiny revealed
Footballers and bankers are among thousands of employees set to face larger tax bills if they do not settle outstanding disputes with HM Revenue & Customs (HMRC) over their use of employee benefit trusts (EBTs) before the end of the week.
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Investment Management Brief: 4 April 2019
Updates from the Financial Regulation team at Pinsent Masons.
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Working Group outlines possible replacement of LIBOR with SONIA
A group set up by the Bank of England has outlined ways in which the Sterling Overnight Index Average (SONIA) benchmark could be referenced in new contracts, ahead of the likely phase-out of the London Inter-bank Offered Rate (LIBOR) over the next few years.
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Financial ombudsman clarifies Equality Act powers
The head of the UK's Financial Ombudsman Service (FOS) has confirmed that the body has the power to require financial services firms to make reasonable adjustments for consumers with disabilities or to stop discriminating against people with other 'protected characteristics' where it considers they have not been treated fairly, and has already done so on occasion.
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Cryptoasset world awaits UK guidance
Future innovation in the use of cryptoassets as a means of raising capital, as a form of payment or in enabling the exchange of assets could largely depend on how strict new guidance from the UK's Financial Conduct Authority (FCA) is, legal experts in financial services and technology have said.
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Case sets GDPR standard for publicising privacy notices
Businesses that do not collect personal data directly from consumers must potentially use any contact details they do gather about those consumers to notify them of the way they intend to use their data in light of recent enforcement action, a data protection law expert has said.
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Raymond,  welcome to your tailored summary of legal news by Pinsent Masons. 

 

 

Technology can be a catalyst for positive change in higher education
Technology can be a catalyst for positive change within the higher education sector, with the potential to improve student engagement and help higher education providers keep up to speed with the technical environments students are already accustomed to living in. The result is that higher education providers can not only facilitate more 'employable' graduates but they can also open up new commercial opportunities and get ahead of rivals. It is not something any provider should be ignoring.
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Online platforms to face new 'duty of care' in the UK
A new statutory 'duty of care' will be imposed on online platforms operating in the UK under plans outlined by the UK government.
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Investment Management Brief: 4 April 2019
Updates from the Financial Regulation team at Pinsent Masons.
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FCA publishes 'immediate call to action' for general insurance sector
SPEED READ: The FCA has published a single report with findings from its thematic work in the General Insurance (GI) sector on Value in the Distribution Chain and the Multi-firm review of Delegated Authority arrangements. Referring to the findings as "extremely disappointing", the regulator has stated that many firms have failed to respond sufficiently to its previous work in the area. Since the end of last year, there is a new and tighter regulatory framework in place for firms and senior managers with the new IDD and SM&CR rules which the FCA states will help it take a "more interventionist approach" with any future failings. Draft non-Handbook Guidance for insurance manufacturers and distributors has been published and is being consulted on until July 2019. Firms have been requested to review the documents published in their entirety and "act promptly".
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EAT: adverse tribunal findings justify 'fit and proper' dismissal
An investment bank was entitled to dismiss a regulated individual on the grounds of his fitness and propriety following adverse findings about his credibility by an employment tribunal, the Employment Appeal Tribunal (EAT) has ruled.
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Cryptoassets regulators directory shows desire for global approach, says Barber
The desire for a more coordinated global approach to the regulation of cryptoassets has prompted an international financial watchdog to create a new cryptoassets regulators directory, an expert in financial services regulation has said.
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Businesses should invest to tackle rise in procurement fraud, says expert
UK businesses need to invest in tools to prevent against the risk of fraud as well as strategies to recover losses, an expert has said.
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No changes to UK right to work checks for EU citizens until 2021
There will be no changes to the way in which individuals from the EU, EEA or Switzerland prove their right to work in the UK until 1 January 2021, even if the UK leaves the EU without a formal withdrawal agreement in place, the UK government has said.
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ICO: businesses falling short on GDPR accountability
Businesses are falling short of meeting the General Data Protection Regulation's (GDPR's) accountability requirements, the UK's information commissioner has said.
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Pilot promised for new EU ethical guidelines for AI
Businesses in Europe exploring the use of artificial intelligence (AI) will be given a chance this summer to pilot the use of new ethical guidelines, the European Commission has said.
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