Jurisdiction(s):
United Kingdom

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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...

Month-by-month tracker of new and updated Risk and Compliance guidance, precedents and checklists, including AML, sanctions, data protection, COVID-19 and Brexit (archived)

Published by a LexisNexis Risk & Compliance expert

Practice notes

What’s new and what’s changed in 2021—risk & compliance [Archived]

ARCHIVED: This Practice Note has been archived and is no longer maintained. For more information, see the subtopic: New and updated content in Risk & Compliance.

This Note reported, month by month, on revisions to existing material and new publications in Risk & Compliance, introduced or amended to reflect regulatory developments or as part of our ongoing content programme.

December 2021

New Practice Note: Risk & Compliance forecast as at 14 December 2021 — content development.
New Precedent: DPIA or PIA approval form — content development.
New Practice Note: Coronavirus (COVID-19)—managing the workplace 30 November 2021 to 23 February 2022 [Archived] — developed to align with the latest government guidance.
Updated Practice Note: Money Laundering Regulations 2017—governance and reporting lines — updated for SRA guidance on AML governance (Three Pillars of Success).
Updated Practice Notes: Brexit legislation tracker; Brexit timeline — revised to reflect the most recent Brexit developments.
Updated Practice Notes: Coronavirus (COVID-19)—managing the workplace 19 July to 29 November 2021 [Archived]; Coronavirus (COVID-19)—testing and vaccination issues for employers [Archived] — updated to reflect the latest government guidance...

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Web page updated on 27/05/2026

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