Regulatory update - December 2020

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

This edition covers some very interesting guidance introduced by the regulators, enforcement agencies and government. The SFO has published a comprehensive guide to its approach to DPAs, while the EDPB has released guidance for organisation on how to deal with Schrems II. HMRC has started consultations on the much-anticipated ‘Making Tax Digital’ for corporation tax rollout, and the Law Commission has been asked to review the effectiveness of law on corporate criminal liability.

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.