The rise of the regulators | Paul Gardner

International Federation of Accountants

Software

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?

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

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...

What are they doing?
• Monetisation
• Over engagement...
• The wider net of digital regulation

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

Questions?
Paul Gardner
Partner | Wiggin LLP
t. +44 20 7612 7735
e. paul.gardner@wiggin.co.uk

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