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Radar: Technology & Communications Update - November 2015

This month we have more information about the fallout from the Safe Harbor decision and requirements under the Modern Slavery Act and we also look at the new Investigatory Powers Bill and a Supreme Court ruling on penalty clauses.

Safe Harbor is invalid. Now what?
Various stakeholders have now commented on the CJEU ruling on data exports to the USA.

New reporting requirements under Modern Slavery Act
Guidance now published.

Controversial draft Investigatory Powers Bill published
Internet connection records to be treated as communications data for first time.

Supreme Court ruling on penalty clauses
Supreme Court clarifies what is meant by an unenforceable penalty.

In brief:

The FCA’s regulatory sandbox
The Financial Conduct Authority (FCA) has set out its initial proposals for a ‘regulatory sandbox’. By extending Project Innovate and its Innovation Hub in this way, the FCA will be allowing businesses to road test new, innovative financial products, services or business models free from some of the normal regulatory consequences of engaging in those activities. See our e-alert for more.

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