Regulatory Radar 2023
Hello and welcome to the 2023 edition of RPC’s bi-annual Regulatory Radar – a guide to the key regulatory changes worth having on your radar. We hope this will be a useful resource, helping you scan the regulatory horizon and highlight changes that could impact your business.
As ever the regulatory landscape in the UK remains complex and evolving. Many delayed regulatory developments are back on the agenda whilst businesses are trying to navigate the economic volatility, rapidly accelerating digital transformation and uncertainties around climate change.
In this issue we cover regulatory updates for financial services including the latest on Consumer Duty, crypto asset regulation and Audit reform. We comment on the hardening regulator approach to regulated professionals and the HSE’s 10-year strategy with specific focus on mental health and stress at work. Further, we cover AI regulation updates from the European Commission and most recently the Government’s AI White Paper. Finally, we summarise the highly anticipated Digital Markets, Competition and Consumer Bill and the failure to prevent fraud offence.
I hope you enjoy reading this update. Please do not hesitate to contact me, or your usual RPC contact, if you would like to discuss any of the topics highlighted.
To find out more, explore this edition's highlights below or read the full report.
- Crypto asset regulation and crypto-related financial services
- The FCA’s Consumer Duty
- Audit reform
- Navigating regulatory changes for regulated professionals
- Product Liability Directive
- Digital Markets, Competition and Consumer Bill
- Failure to prevent fraud offence
- The UK’s Subsidy Regime
- HSE’s 2022-2032 strategy
- The FSA/FSS’s Call for Evidence: plastic food contact materials
- The “Unicorn Kingdom’s” AI White Paper