This year, the UK’s Competition and Markets Authority (“CMA”) is set to gain a range of new enforcement powers under the Digital Markets, Competition and Consumers (“DMCC”) Act (the final text is now available here). The DMCC Act received Royal Assent on 24 May 2024. However, with certain exceptions, the Act’s provisions will not
The UK Digital Markets, Competition and Consumers Act: What Does It Mean for Business?
The UK Digital Markets, Competition and Consumers Act (DMCCA) received Royal Assent on May 24, 2024, after a series of amendments ping-ponged back and forth between the House of Commons and The House of Lords. It is a major piece of legislation for businesses and consumers and reflects the most significant changes to the powers of
FCA speech – International regulatory developments affecting investment management
On 5 June 2024, the FCA published a speech by its Chief Executive, Nikhil Rathi, entitled International regulatory developments affecting investment management.
In his speech Mr Rathi begins by highlighting some of the key international initiatives that the FCA is involved with. This includes joint work with the Financial Stability Board on the design
Disruptive Technology Strike Force Announces Its First Declination to Prosecute Under the National Security Division’s Voluntary Self-Disclosure Program
On May 22, 2024, the Department of Justice’s National Security Division (“NSD”) announced its first declination of prosecution for a company under the voluntary self-disclosure program established by the National Security Division Enforcement Policy for Business Organizations (“NSD Enforcement Policy”). An individual who worked for a United States-based biochemical company, along with his co-conspirator, each
L’influencer come agente di commercio: la pronuncia del Tribunale di Roma
Con la sentenza n. 2615/2024 del 4 marzo 2024, il Tribunale di Roma – Sezione Lavoro ha stabilito che l’influencer che opera in maniera stabile e continuativa è qualificabile come agente di commercio, con conseguente obbligo, per la società che lo ingaggia a scopi promozionali, di versare i contributi previdenziali alla Fondazione Enasarco (l’ente di
FCC Proposes Fines for AI-based “Deepfake” Robocalls Before New Hampshire Primary
The Federal Communications Commission (FCC) recently adopted two Notices of Apparent Liability (NALs) in connection with its investigation into AI-based “deepfake” calls made to New Hampshire voters on January 21, 2024. The NALs follow a cease-and-desist letter sent on February 6 to Lingo Telecom, LLC (Lingo), a voice service provider that originated the calls, demanding
China, South Korea, and the U.S.: How INTERPOL is involved in the rise of cryptocurrency
Today’s post will address the realities and implications of INTERPOL’s dealings with criminal cases involving cryptocurrency.
Cryptocurrency, although not new to modern culture, is still relatively new to the world of INTERPOL. Crypto has been popular for over a decade, having been invented in 2009 and named the year’s best investment by Forbes in 2013,
Joint Statement: EU-UK Financial Regulatory Forum, May 2024
On 24 May 2024, there was published a joint statementbetween HM Treasury and the European Commission covering the second EU-UK Financial Regulatory Forum. This forum was established following the signing of the UK-EU Memorandum of Understanding on Financial Services Cooperation on 27 June 2023.
In the joint statement the UK and EU summarise their
FCC Chair Proposes AI Labeling for Political Ads on TV and Radio
With the 2024 election cycle in full swing in the United States, on Wednesday, May 22, 2024, FCC Chairwoman Jessica Rosenworcel asked her fellow Commissioners to approve a Notice of Proposed Rulemaking (NPRM) seeking comment on a proposal to require a disclosure when political ads on radio and television contain AI-generated content. This action reflects
Senate unveils long-anticipated AI roadmap
Written by: Richard Burr, Tony Samp, Danny Tobey, Coran Darling, Ted Loud
Nearly a year after a bipartisan group of senators launched efforts to set new rules for artificial intelligence – and following a series of interactions between legislators and outside experts to inform the lawmaking process about the rapidly evolving