Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Platforms definition

What does Platforms mean? In legal and advisory practice, platforms are online investment administration systems used by advisers and clients to manage portfolios across multiple tax wrappers and products from a single interface. The term is descriptive (not statutory), though the FCA Glossary defines the related concept of a “platform service.” Usage is broadly consistent across England & Wales, Scotland and Northern Ireland; in Ireland, similar services are regulated by the Central Bank of Ireland. Typical legal features include: custody via a nominee company (legal title held by the nominee; beneficial ownership with the client), dealing and settlement, consolidated reporting, rebalancing, model portfolios...

Online platforms: definitions, types and UK/EU regulatory overview (OSA 2023, EU DSA/DMA, P2B, e-commerce, copyright, accessibility, terrorist content, political advertising, media freedom and AI)

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Practice notes

This Practice Note reviews the principal definitions and terminology used for platform solutions and sets out explanations of the common platform categories and the language linked to them. It also clarifies how each of the main UK and EU legislative instruments defines the entities falling within their scope. A detailed analysis of electronic data interchange systems, or other platforms designed to enable computer-to-computer transfers of commercial or trading data and documents, lies outside the remit of this Practice Note.

Online platforms

In recent years, online platforms have expanded rapidly in economic weight and societal influence, with public and political scrutiny of their duties and liabilities reaching new heights. They have entered retail markets and communications infrastructures, reshaping how goods and services are bought and sold, while also enabling richer, content-led forms of social interaction and networking. Online platforms now sit at the heart of the move from offline to online, permitting the global distribution of all kinds of content, lawful and illegal, at scale and speed. The conventional role of...

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Web page updated on 27/05/2026

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