Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

PRA definition

What does PRA mean? In legal practice, “PRA” refers to the UK Prudential Regulation authority, the prudential supervisor within the Bank of England responsible for the safety and soundness of banks, building societies, credit unions, insurers and certain designated (systemically important) investment firms. The PRA was established by the Financial Services Act 2012 and operates under the Financial Services and Markets Act 2000 (FSMA). Its statutory objectives include promoting the safety and soundness of PRA-authorised firms and, for insurers, securing an appropriate degree of protection for policyholders. The PRA sets prudential requirements (via the PRA Rulebook) on capital, liquidity, governance and risk management,...

UK and EU technology, media and telecoms law: 2017 review and 2018 outlook—GDPR, DEA 2017, ePrivacy, NIS Directive, MiFID II, Electronic Communications Code, media and advertising developments

Published by a LexisNexis TMT expert

Practice notes

ARCHIVED: this archived Practice Note is not maintained and is provided solely for background reference. Furthermore, certain links may no longer point to the provisions as they were at the time this Practice Note’s guidance was published. This year’s annual round-up highlights several of 2017’s most notable developments and looks ahead to what 2018 may bring. It covers the GDPR’s progress; major shifts in telecommunications, including the abolition of roaming charges and the changes introduced by the Digital Economy Act 2017 (DEA 2017); an outline of the government’s Industrial Strategy; and significant developments in media. Also included are updates on LexisNexis’ content, featuring notable advances from the past year and what to expect over the next twelve months.

Reviewing 2017

New technologies

What happened?

New and emerging technologies—such as artificial intelligence, autonomous vehicles and blockchain—dominated headlines in 2017, with a range of government initiatives and legislative developments announced. In January 2017, the government released a Green Paper outlining proposals for a modern Industrial Strategy, placing technology at the heart of investment and research plans...

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Web page updated on 22/05/2026

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