UK Knowledge Collection | Regulation and growth, Takeover Code changes, and economic crime
Published on 8th Nov 2024
Welcome to this week's Knowledge Collection
The recently created Regulatory Innovation Office is intended to speed up regulatory decisions for new technologies, in line with the government's industrial strategy. A green paper on the strategy describes the wider regulatory landscape and ability of regulators to drive growth as "key parts" of its wider growth mission, while also acknowledging that regulation can be a barrier to investment. Our Insight explores what businesses can expect from regulators as a result of the government's regulatory agenda.
The Takeover Panel has amended the jurisdictional framework of the Takeover Code, following a consultation. In streamlining the code's applicability, the changes aim to strike a balance between regulatory oversight and the needs of companies and market participants.
The government is amending the Medical Devices Regulations 2002 to impose more stringent requirements and obligations on manufacturers to undertake post-market surveillance practices on their medical devices. The new regulations are expected to come into force next summer.
And our regulatory webinar series continues next week with a look at the enforcement landscape on economic crime, with our in-person event later in the month offering a deeper exploration of the failure to prevent tax evasion offences and anti-money laundering risk in unsupervised firms, among other pressing compliance topics.
Recent Insights
What can UK business expect from regulators in future?
The prime minister spoke at last month's investment summit about upgrading the regulatory regime, while a recent green paper on industrial strategy highlights the positive role of regulation, particularly in eight "growth-driving sectors".
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UK Takeover Panel confirms refocusing of the scope of City Code
The Takeover Panel has published its amendments to the jurisdictional framework of the UK's City Code on Takeovers and Mergers. The changes come into force on 3 February 2025.
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UK government to refresh post-market surveillance requirements for medical devices
The government is reforming the requirements placed on manufacturers to continuously monitor the safety and performance of their medical devices.
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The Energy Transition
The update considers announcements made in the Budget to support the UK's energy transition and net zero goals, proposed energy project reforms in Scotland, and England's first heat network zones.
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What do venture capitalists need to know about the UK government's policies?
The Budget included significant policy announcements around tax, employment, growth and industrial strategy that pose opportunities and challenges for the venture capital community.
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Upcoming Events
Navigating the future of IP
Trade mark trends 2024: UK and EU case review in the Brexit era
11 November | 16:00-17:00
A review of UK and EU trade mark and soft IP cases from 2024, and the differences and similarities between the UK and EU nearly five years post-Brexit.
Current trends and hot topics in AI licensing
13 November | 16:00-17:00
This webinar will explore licensing AI technologies and AI-generated output, best practices for negotiations, ensuring compliance and protecting IP.
Lessons from the first 18 months of the Unified Patent Court
19 November | 16:00-17:00
A discussion of the latest case law for life sciences companies, and practical steps to help businesses prepare to successfully enforce and defend their rights before the UPC.
The changing landscape for platform liability in the EU and its impact in the UK
20 November | 16:00-17:00
Recent developments and case law in the liability of online platforms for IP infringements in the EU via the Digital Services Act and the national implementations in Germany and France, and the current position in the UK.
Eating Compliance for Breakfast | Economic crime: enforcement update
12 November | 09:00-09:30
A review of the enforcement landscape, looking at new laws, the current approach of the Serious Fraud Office and other agencies, anti-money laundering compliance and dawn raid responses.
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Employment Rights Bill and the Budget – How will proposals and changes impact contingent worker supply chains?
12 November | 12:30-13:30
Join us for a webinar in collaboration with Giant Group, providing an update on how the proposals in the Employment Rights Bill relate to contingent workers, the impact of the Budget on contingent worker arrangements, and an update on tax enforcement in the labour supply chain.
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Eating Compliance for Breakfast | Freedom of Information Act: what businesses need to know
14 November | 09:00-09:30
A round-up of what businesses should know about the Freedom of Information Act 2000 even if they themselves are not subject to it.
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The All-Day Breakfast
20 November | One London Wall | 08:30-12:30
An in-person conference on pressing compliance issues, featuring a workshop on aligning with ESG obligations and specialist roundtables on topics including failure to prevent tax evasion, anti-money laundering risk, sanctions and more.
Register now >
