Archive: May 2025

The EU AI Act’s AI literacy obligation applied from 2 February 2025. This applies to anyone doing anything with AI where there is some connection to the EU – to providers and deployers of any AI systems.

On 7 May 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/3, on consumer credit regulatory returns: credit broking, debt adjusting, debt counselling and providing credit information services.

Businesses investing in, financing or operating data centres face a complex matrix of laws and regulatory requirements. Ensuring compliance is important for lender and investor due diligence and is crucial to avoiding fines, penalties and contractual or regulatory breaches that can significantly impact the business and any investment in, or financing of, data centres.

Even if your business only sells goods or services in the U.S., your business may be a “data broker” under the new bulk data regulations, according to an April 11, 2025 Compliance Guide issued by the U.S. Department of Justice, if consumer data is being transmitted to countries of concern.

On March 27, the Autorité des marchés financiers (AMF, Quebec’s financial markets regulator) published proposed amendments (the Amendments) in a publication titled Regulation to amend Regulation 81-102 respecting Investment Funds pertaining to crypto assets.

This month, we have added “API mapping” and “JavaScript file analysis” as core components of the NT Analyzer tool suite. This post explains what API Mapping is and how the feature provides critical insights regarding the transmission and processing of user data (a subsequent blogpost will address JavaScript file analysis).

In addition to NT Analyzer recently adding API mapping to its complement of services, we have also incorporated JavaScript file analysis targeting those JavaScript files that are downloaded to a user’s browser from third-party remote hosts while navigating a company’s website.

On 29 April 2025, HM Treasury (HMT) published a draft statutory instrument (SI), the Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous Provisions) (Cryptoassets) Order 2025, which sets out provisions to create a new regulatory regime for cryptoassets. An accompanying draft policy note has also been published.