EU Commission releases regulatory proposal to increase trust in AI

    Key takeaways The European Union Commission released its long awaited proposed regulation of artificial intelligence on 21 April 2021 (see press release here), which sets out a risk-based approach to regulation designed to increase trust in the technology and ensure the safety of people and businesses above all. The regulation has extra-territorial scope meaning that … Read more

    Accelerating digitisation of UK financial services: Bank of England and HMT announce CBDB Taskforce amid new plans

    On 19 April 2021, the Bank of England (BoE) and HM Treasury (HMT) released a statement announcing the joint creation of a Central Bank Digital Currency (CBDC) Taskforce. The Chancellor has also announced ambitious and complementary plans to encourage growth of UK fintechs and “cement the UK’s position as the world’s pre-eminent financial centre.” These … Read more

    The ‘Ten Tech Priorities’ behind the UK’s 2021 Digital Strategy

    In March 2021, the UK Government unveiled its ‘Ten Tech Priorities’ that will form the foundation of the UK Digital Strategy. The priorities are high level but are nonetheless useful guides to the UK government’s key areas of focus for tech in the post-pandemic era. Ten Tech Priorities 1. Rolling out world-class digital infrastructure nationwide … Read more

    Budget 2021 – Investment in Innovation

    In what has been described as the most important budget for business in a generation, the Chancellor of the Exchequer, Rishi Sunak, presented the 2021 budget to Parliament on 3 March 2021. (Our recent briefing on the Spring 2021 Budget can be found here). At the same time as publishing the Budget statement, the government … Read more

    The Final Report from the Telecoms Diversification Taskforce

    The Telecoms Diversification Taskforce (Taskforce) has published its Report which sets out recommendations to deliver the Government’s ambitions for 5G supply chain diversity. Key recommendations of the Report Working via telecoms standards-setting bodies to encourage best practice in security and open networks. Using policy to create the right environment for diversification in the supply market … Read more

    Updated UK Government guidance on exporting military or dual-use technology

    The UK Department for International Trade has recently published updated guidance on the export of military and dual-use technology. The guidance focuses on how technology is defined and the scope of the regulations that govern the transfer of military and dual-use technology (i.e. technology that can have both military and civil uses), including important guidance … Read more

    The Crackdown on Undisclosed Advertising: ASA issues Warning to Influencers

    The Adverting Standards Authority (“ASA”) has released its influencer monitoring report, summarising the results of the analysis the ASA conducted in September last year. The ASA conducted an analysis of over 24,000 Instagram stories, posts, and reels across 122 influencers to assess whether the rules in respect of influencer advertising were being followed. The ASA … Read more

    Wholesale Fixed Telecoms Market Review 2021-26

    Yesterday Ofcom published its Wholesale Fixed Telecoms Market Review 2021-26 (WFTMR), which sets out how it will regulate telecoms fixed access services for the next five years. This follows Ofcom proposals to support competitive investment in fibre networks, which we previously reported on Ofcom’s consultation in connection with the WFTMR last year. Ofcom have in … Read more