The Financial Conduct Authority (FCA) has issued a £16.4 million fine against Tesco Personal Finance plc (Tesco Bank) this week (link to the FCA’s Final Notice available here). This fine is highly significant, given that it is the first fine which the FCA has issued in respect of cyber failings.
The ICO has issued has issued its first enforcement action under the GDPR. Unusually, the ICO did not report this case on the “enforcement action” page of its website and therefore this notice has been overlooked by many, despite being issued in July. Instead it was attached to the Commissioner’s Report “Investigation into the use of data analytics in political campaigns.” Despite being missed by many, this case is particularly notable as not only is it the first enforcement notice to be issued under GDPR, but it is also the first cease processing order to be taken by the ICO against a company based outside of the UK.
On 17th September 2018, the new Royal Institution of Chartered Surveyors (“RICS”) Professional Statement, ‘Service Charges in Commercial Property’ was published. This Statement will apply to all service charge periods from 1 April 2019 throughout the United Kingdom, with some differences in application in Scotland. Lawyers will be required to consider the service charge provisions within leases to ensure compliance with the new Statement. Crucially, the Statement cannot override the term of an existing lease.
As the UK’s withdrawal from the EU gets closer – only 6 months to go – many members of government and the general public (across the UK and EU) are asking themselves what happens to UK legislation/regimes on 30 March 2019 if we have not agreed a “deal” with the EU which covers our exit from the EU? Continue Reading
We are all very aware of the type of leave that is available to parents at the birth of their children and afterward the flexible working patterns that might be available as they balance their working life and responsibilities with their parenting life and responsibilities. Plans are made with new additions and happy thoughts of the future in mind.
HMRC, National Minimum Wage (NMW) and TUPE – not necessarily topics to get the pulse racing, but crucially important for employers to get right, particularly in light of HMRC’s new position on enforcement of the NMW.
On 26 August 2018, the UK Government published the results of two consultations concerning proposals for changes to the insolvency regime and to corporate governance. It is unlikely that the Government’s paper encompasses both by coincidence. The proposals which relate to the insolvency consultation are seen by the Government as being of benefit to businesses in financial distress and those on corporate governance by imposing a stronger regulatory framework for companies which would strengthen creditors’ protection.
Following much controversy surrounding the European Union’s proposed Copyright Directive, MEPs yesterday voted again on this Directive, this time in a vote of support with 438 in favour, 226 against and with 39 abstentions.