ARTICLE
18 January 2024

UK Knowledge Collection | What Is In Store For Business In 2024?

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Osborne Clarke

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Osborne Clarke is an international legal practice with over 340 Partners and more than 1300 lawyers in 26 locations*. We give legal advice that is greater than the sum of its parts, combining legal expertise with sector and client understanding alongside insight into the global issues driving transformation. We’ll help you tackle the challenges you’re facing today and tomorrow. *Services in India are provided by a relationship firm
2024 brings potential political change in many jurisdictions, with the populations of more than 40 countries (estimated to number almost half of the world's adult population) heading to the polls.
United Kingdom Finance and Banking

2024 brings potential political change in many jurisdictions, with the populations of more than 40 countries (estimated to number almost half of the world's adult population) heading to the polls. Regardless of the outcomes, several current themes are likely to continue to preoccupy regulators and lawmakers (of whichever stripe) in the UK and Europe this year. These include greenwashing, the regulation of artificial intelligence, and supply chain transparency and resilience. Our Regulatory Outlook explores what is coming down the track in 18 distinct business compliance areas.

In the UK, new advertising guidance on making green claims has been produced, to include the use of claims about recyclability, biodegradability and compostability. The regulator will start to actively investigate green disposal claims from April, as part of its focus on combating misleading claims. Our Insight looks at the management of greenwashing risk in the European built environment sector and as part of our Future of Financial Services week, we are hosting webinars on the risks of making sustainability claims and the ESG challenges in financial reporting.

Our AI radar provides an overview of the various UK and EU regulatory initiatives in respect of artificial intelligence, and our webinar looks at the impact of these proposed approaches on the financial services sector.

Finally, important new regulations affecting businesses in the UK and overseas that undertake lobbying or similar activities at the direction of a foreign power should come into effect this year. The Foreign Influence Registration Scheme (FIRS), introduced in the National Security Act 2023, is likely to become operational once detailed guidance has been produced.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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