Regulatory update - August 2020

Welcome to the August edition of the Regulatory update, which pulls together recent developments from across the UK’s regulators – to help you navigate the regulatory maze.

While people have been heading off on holiday over the last few weeks, it has been a busy time for Government and regulators. HMRC has been given new powers to tackle furlough fraudsters, the UK imposed its first “Magnitsky” and sanctions, and the Draft Building Safety Bill has now been announced. In a cross-regulator bid for increased coordination, the CMA, ICO and Ofcom have jointly set up the Digital Regulation Cooperation Forum to harness collective expertise.

I hope you enjoy reading this latest update. Please do not hesitate to contact me, or your normal RPC contact, if you would like to discuss any of the topics highlighted or have any suggestions for areas you would like to see in future updates.