Jurisdiction(s):
United Kingdom

Key definition

risk definition

What does risk mean? In legal practice, risk describes the possibility that a reasonably foreseeable circumstance or event could adversely affect legal rights, regulatory compliance, business operations, or the security of systems and data. The term is widely used across legal contexts, with certain regimes articulating it expressly. Cybersecurity: In the EU NIS2 framework (as transposed in Ireland), risk means any reasonably identifiable circumstance or event having a potentially adverse effect on the security of network and information systems. In the UK, the Network and Information Systems Regulations 2018 adopt a comparable risk‑based approach to security and incident handling; while “risk” is not defined as...

Monthly index of new and updated Risk & Compliance content for UK legal professionals, 2018 (archived)

Published by a LexisNexis Risk & Compliance expert

Practice notes

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What’s new and what’s changed in 2018—risk & Compliance [Archived]

ARCHIVED: This Practice Note is archived and not maintained. For further details, see subtopic: New and updated content in Risk and Compliance. It provides month-by-month notice of revisions and fresh additions within Risk & Compliance, introduced to mirror regulatory change or through ongoing content development.

December 2018

New subtopic: Whistleblowing—Practice Note: Protection for whistleblowers; Precedents: policy and procedure (short form), report form, report register, annual review, and training materials—Reason: content development.
New precedent: Register of superSAR requests and responses—Reason: content development.
New Practice Note: How to deal with the FCA—Reason: content development.
New precedent: Data protection impact assessment (DPIA)—short form—Reason: content development.
New precedent: Automated processing enquiry form—Reason: content development.
New Practice Note: Direct marketing risk management guide—Reason: content development.
Updated precedent: Data protection board report—now includes sections on Data Protection Impact Assessments and Data security.
Updated Practice Note: Working with Swiss lawyers—the registered European lawyer (REL) and registered Swiss lawyer (RSL) regimes—updated to reflect publication of draft Services...

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Web page updated on 27/05/2026

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