Jurisdiction(s):
United Kingdom

Related legal acts

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...

2019 monthly UK Risk and Compliance content tracker—SRA Standards, AML, data protection and sanctions (archived)

Published by a LexisNexis Risk & Compliance expert

Practice notes

What’s new and what’s changed in 2019—risk & Compliance [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained. For further details, see the subtopic: New and updated content in Risk and Compliance.

This Practice Note provides month-by-month updates on amended material and newly published items in Risk & Compliance. Additions or revisions may reflect regulatory change or arise from ongoing content development.

December 2019

New: Content added as part of content development.
Updated Practice Notes:
- Working with foreign lawyers—the registered foreign lawyer (RFL) regime
- Working with Swiss lawyers—the registered European lawyer (REL) and registered Swiss lawyer (RSL) regimes
Reason: updated to reflect requirements in the SRA Standards and Regulations 2019.
Updated Practice Note: How to process personal data lawfully — section ‘Grounds required for special category personal data’ revised following new ICO guidance expanding the interpretation of the lawful basis for processing in relation to legal claims.
Updated Practice Note: Exclusion and limitation of liability — content development.
Updated Practice Note: How to handle data subject requests.
Precedents:
- Data subject access request form
- Data subject request form—all rights excluding right

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