Founders Law

🚨 Important Data Privacy Update 🚨 The European Data Protection Board (EDPB) has released its opinion on controller/processor obligations. This will undoubtedly influence future regulatory enforcement actions, with potential fines reaching up to £17.5 million or 4% of annual global turnover 😬   Will these obligations apply to you? 💯 Yes - whether you’re a data controller managing business data (e.g., employment, IT, CRM, marketing) or a data processor (e.g., SaaS provider), you will have to have a greater understanding of your processor - subprocessor flows.   Some key bits below ⬇️ ❓ Understand Your Processing Flows: You need to know what is going on - knowing the name, address, contact details, details of processing and location and safeguards for all processors and their subprocessors. Not only is this important to comply with applicable laws and regulations but is extremely useful to know about your notification and liability obligations for when something goes wrong.   🔎 Oversight and Accountability of Processors and Sub-Processors: Controllers must maintain comprehensive oversight of processors and ensure they conduct adequate Transfer Impact Assessments (TIAs) on sub-processors (if being relied upon by the Controller).   👨⚖️ Verification Beyond Contracts: Controllers must verify flow-down obligations, such as reviewing samples of sub-processor contracts and TIAs.   Need help? Get in touch! Benji Payne   #DataProtection #DataPrivacy #Compliance

🚨 FCA Cracks Down on Finfluencers 🚨 The Financial Conduct Authority (FCA) is cracking down on finfluencers promoting financial services illegally. Twenty influencers are currently under investigation, and 38 social media accounts have been flagged for breaking the rules. Finfluencers must comply with the law to protect their followers. Consumers should always check the FCA’s warning list before making any investments. Stay informed, stay safe - read more here: https://lnkd.in/ekuwEHct Founders Law Compliance Angle

The Employment Rights Bill, announced in October 2024, brings some of the most significant reforms we've seen in years - from day-one protection against unfair dismissal to new rights for zero-hours workers, and even changes in statutory sick pay and family leave. Swipe through the carousel to get a quick, digestible overview of these key changes and learn how they may affect your business. Jackie Samantha Tom

FCA’s New Guidance for Social Media Financial Promotions 🌟 The Financial Conduct Authority (FCA) has just rolled out updated guidance to help everyone navigate the world of financial promotions on social media! With the rise of influencers sharing financial advice, it’s crucial that these promotions are fair, clear, and not misleading. The FCA wants to ensure that consumers can make well-informed decisions by presenting a balanced view of the benefits and risks. We have compiled a carousel to give you a more digestible view. If you require any legal advice - please do reach out. Founders Law Compliance Angle

Founders Law is excited to announce its minority stake investment in Confide Platform, a cutting-edge solution designed to transform how businesses manage sensitive disclosures. Read our press release here 👇 Tom 🤝 Pav

What an incredible success! Last week’s Speed Mentoring event brought together underrepresented young women in the early stages of their careers with mentors from the Founders Forum Group. The feedback from both mentees and mentors was overwhelmingly positive - everyone left with valuable insights, and it’s clear that events like these are not just impactful but necessary. This fantastic event was a collaboration between the FF Women’s Network (led by our own Cindy) and Black@FF, showcasing the power of our D&I networks in action. A huge shoutout to Andre from Global Purpose Enterprise for hosting and making this event truly memorable!

Bold decisions need bold support, and our newly minted Associates are bringing that every day. We’re stepping it up by recognising the hard work and dedication that’s helping tech founders scale from idea to exit. Big congrats to Samantha, Jad and Will on your new titles 👏

Today, we celebrate one of our own! Congratulations to Burcak Dikmen for being admitted as a Solicitor of England and Wales 👏 #neverindoubt

Privacy compliance isn't just for the legal department - it’s an essential consideration for every part of your business. Whether you're updating employment contracts, launching a new website, or engaging with consumers, data protection should be front and centre. Our top 10 triggers highlight moments that call for immediate attention to your privacy prowess: Missed one? It could cost you. Jennie Benji

We're thrilled to partner with Compliance Angle, combining our legal expertise with their practical compliance solutions. Together, we’re delivering even more value, making sure your business is protected from every angle.