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Insights

29 November 2018

Connect - TMT industry newsletter

Welcome to the third edition of our TMT Connect newsletter, where we examine key legal issues in the TMT sector.

We’ve seen lots of topical developments in recent months, as TMT continues to be in the spotlight.

It’s also been a very busy period for our TMT team across the board. We’ve been particularly active in the software and services space, with highlights for our M&A team including advising on the sale of Content and Code (Microsoft 2018 Worldwide Partner of the Year) to technology services and solution provider IT Lab and advising the founders of Charterhouse Voice & Data Plc on a strategic investment by August Equity LLP.

Last month, members of our team were also in Lisbon for Web Summit (the world’s largest tech event), meeting technologists from around the globe and listening to founders, CEOs and policymakers from the technology industry discuss the key themes of AI, cybersecurity and the regulation of the technology sector.

We hope you enjoy our newsletter. If you have any suggestions for future topics, please get in touch.

Clarification on Outsourcing Guidance for using Cloud in the Financial Services Sector – which rules apply?

There have been some important announcements by the FCA and European Banking Authority (EBA) clarifying guidance on outsourcing, in particular outsourcing to the cloud and third party IT Services.

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Network information systems regulations 2018: One week for relevant digital service providers to register with the ICO

The use, processing and security of data is an increasingly regulated area of law in Europe. A recent addition to the body of regulation is the UK Network Information Systems Regulations 2018 (“NIS Regulations”), implementing the EU Network and Information Security Directive 2016/1148 (“NIS Directive”).

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New guidelines arising from CMA review of online endorsement

The Competition and Markets Authority (CMA) launched an investigation in August 2018 into concerns that celebrities and social media stars do not properly declare when they have been paid or rewarded to endorse goods or services. As consumers place lots of trust in those that they admire, the CMA wishes to make sure that fans and followers are not misled by social media stars into believing that the influencer bought the product or services themselves when in fact they have been paid or thanked in some way by the brand.

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UK Government proposes further powers for reviewing mergers and other investments on national security grounds

The UK Government has announced a consultation on proposals to implement a new regime for reviewing mergers and other investments on national security grounds¹. The new regime would represent a significant expansion of the Government’s current powers.

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For more information please contact Mark Bailey on +44 (0)20 7427 6519 or at mark.bailey@crsblaw.com, or Mark Howard on +44 (0)20 7203 8902 or at mark.howard@crsblaw.com.

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