Commons Justice Select Committee publishes report on the ICO
Following an oral evidence session with the Information Commissioner, Christopher Graham, and his two Deputy Commissioners back in February this year, the Commons Justice Select Committee (Committee) recently published a report which looks at the functions, powers and resources of the Information Commissioner’s Office (ICO). The first section of the report takes a detailed look…
The £450bn additional (!) pensions deficit
The European Insurance and Occupational Pensions Authority (EIOPA), the European Union’s technical level body for pensions and insurance supervisors, this week published its preliminary assessment of the quantitative impact on the funding of defined benefit (DB) pension schemes of applying EIOPA’s proposals for Solvency II type funding requirements to DB pension schemes. EIOP…
Bring Your Own Device (BYOD) to Work
One of the most important policies for an organisation to have in place in terms of aiding and ensuring compliance with the Data Protection Act 1998 is an Information Security policy. A good Information Security policy will explain to employees what they are and are not permitted to do with the data they handle as part of their everyday employment. This will include rules and…
FSA Consultation on proposed changes to the Listing Rules resulting from the implementation of the Alternative Investment Fund Directive
The FSA is consulting on proposed changes to the Listing Rules that will result from the implementation of the Alternative Investment Fund Managers Directive in the UK.The consultation closed on 2 January 2013 and a report is due to be published in the Spring. The AIFMD is due to be transposed into national law by 22 July 2013. It will be implemented by a combination of Treasur…
Financial Services Bill receives Royal Assent
The Financial Services Bill received Royal Assent on 19 December 2012. The Bill has now become an Act of Parliament and will be known as the Financial Services Act. The new Act will come into force on 1 April 2013, and sets out a new regulatory framework for financial regulation in the UK. The Act provides regulators with comprehensive powers to counter future risks to financia…
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