1. The Rise of the Regulators
Paul Gardner
Partner
Wiggin LLP
2. Overview – Four questions
• Who do we mean by regulators?
• Why are they becoming more significant?
• What are they doing?
• How does the industry need to respond?
3. Who do we mean by regulators?
• “A public authority or government agency responsible for
exercising autonomous authority over some area of human
activity in a regulatory or supervisory capacity.” Wikipedia
• In the UK, these include:
• Also direct governmental action and international agencies
4. Why are they becoming more
significant?
• #1 - The growth and development of the industry
• Size and reach
• Nature – particularly monetisation models
• #2 - The potential impact on business – for example...
14. How does the industry need to
respond?
• #1 - Don’t ignore
• #2 - General
• Keep informed of developments
• Engage with and support trade associations
• #3 - Factor into product development
• #4 – Factor into strategic considerations
• It’s the new normal