Government and Regulatory Affairs

Introduction

Welcome to this webpage dedicated to the Government and Regulatory Affairs (GRA) portfolio of the ISACA London Chapter. The ILC GRA informs its Members of regulatory and legal developments related to IT, governance, audit, information/cyber security, and privacy, among topics of ISACA certifications and certificates. The GRA Team provides a summary of such information as published in:

  • the GRA section of ILC Newsletters (1-2 issues per month)
  • submissions made by ISACA/ILC to public consultations

Public consultations have a wealth of background policy and research papers – these are hidden gems of bodies of knowledge that the GRA Team also draws attention to in ILC Newsletters. This means Members can see policy and law-making in real-time while having resources to draw upon for work or study.

The GRA Team is interested in your comments and suggestions – please contact gra@isaca-london.org.

GRA features in ILC July '24 Newsletter

  1. The July UK election has meant a new governmental team covering the digital landscape, with Peter Kyle MP announced as the new Secretary of State for Science, Innovation and Technology, Sir Chris Bryant MP as Minister of State (Department for Science, Innovation and Technology) and (Department for Culture, Media and Sport), and Lord Patrick Vallance KCB as Minister of State (Department for Science, Innovation and Technology). Also, Feryal Clark MP was announced as Parliamentary Under-Secretary of State at the Department for Science, Innovation and Technology and Baroness Jones of Whitchurch Parliamentary Under-Secretary of State at both the Department for Science, Innovation and Technology and the Department for Business and Trade.

 

  1. In the King’s Speech on 17th July, there were a number of commitments made that are relevant to the digital industry such as:

a. a new Cyber Security and Resilience Bill will be introduced to expand regulation to cover more digital services and supply chains, empower regulators to ensure cyber security measures and mandate increased incident reporting to improve the government’s response to cyber-attacks.

 

b. a new Digital Information and Smart Data Bill to progress the regulatory framework for digital identities in the UK.

 

c. the Product Safety and Metrology Bill so that the UK is better placed to address “modern day safety issues, harness opportunities that delivery economic growth, and ensure a level playing field between the high street and online marketplaces”.

 

d. the draft Audit Reform and Corporate Governance Bill will pave the way for a new accounting regulator, the Audit, Reporting and Governance Authority, to replace the Financial Reporting Council (FRC).

 

e. the government said it would “seek to establish the appropriate legislation to place requirements on those working to develop the most powerful artificial intelligence models", but without setting any AI specific legislation.

 

f. the Planning and Infrastructure Bill in accelerating infrastructure building project aligns with the Labour plans to build more datacentres and the Skills England Bill should eventually lead to addressing the skills shortages in cybersecurity, AI, etc.

 

  1.   The EU AI Act was formally signed on 13th June and published in the EU’s Official Journal on the 12th July, paving the way for its entry into force on 1st August 2024.