All Solicitors Regulation Authority (SRA) regulated firms have an obligation to collect, report and publish data about the diversity make-up of their workforce every two years, and the next collection date is this year.
What is the source of the reporting requirement?
The SRA Code of Conduct for Firms in SRA Principle 6 states that a firm must “act in a way that encourages equality, diversity and inclusion”. The SRA believes that monitoring the diversity of people working in your firm will help you assess whether your firm is diverse and whether you could do more to encourage equality, diversity and inclusion.
To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Our regulatory agenda for April covers EU developments, ongoing acts of parliament, the latest COVID-19 government guidance and more.
What’s in the regulatory agenda?
What’s new this month?
EU developments affecting policy and compliance
Recent Acts of Parliament affecting policy and compliance
From the EU’s upcoming Corporate Due Diligence and Corporate Accountability Directive to the FCA’s Climate-Related Financial Disclosures and the SEC’s new framework for ESG disclosure, corporate accountability is changing.
This is on top of existing ESG reporting requirements including the EU Non-Financial Reporting Directive, the French Corporate Duty of Vigilance, and the fact that ESG reporting is becoming increasingly expected by investors and regulators.
Investors in particular are expecting greater attention to the impact of a business on the world around them. Regulators are increasingly taking notice. From the International Financial Reporting Standards moving forward with establishing ESG standards to the incoming SEC chairman Gary Gensler’s plan to increase governance oversight after years of lax regulations, ESG reporting is here to stay.
During this webinar, our experts will help you understand the future of corporate accountability rules, and how to stay on top in the changing world of corporate compliance.
The webinar will cover:
New ESG regulations in the UK, US and EU
How to undertake an internal ESG audit
Preparing for ESG reporting and regulatory disclosures
What VinciWorks can do to help with ESG compliance
The EU’s General Data Protection Regulation (GDPR) has now been in force for three years. During that time, fines have reached a total of over €280 million, the UK has left the EU and the ICO has announced that there will be a new Commissioner from October.
During this webinar, our Director of Learning and Content will take a look at the last three years of GDPR, the effect the Regulation has had on the way we collect and process data and what we can expect in the next 12 months.
The webinar will cover:
What can we learn from recent GDPR fines?
Does Brexit affect data protection regulation in the UK?
The SRA standards are seven principles representing the fundamental rules on ethical behaviour that the SRA expects everyone working in the legal profession to uphold.
The principles must be upheld both inside and outside the work environment. This may also include in your private behaviour, including on social media.
With remote working, less supervision and fewer opportunities for face-to-face training, it’s never been a more important time to make sure your staff are up to speed on the SRA Standards and Regulations.
VinciWorks will soon be releasing an SRA refresher course that delivers refresher training in bitesize learning nuggets on SRA Standards, Regulations and Accounts Rules. The course is specifically designed for everyone in a firm, including fee earners, support staff, partners and in-house counsel.
To help businesses keep track of updates in UK legislation and policies, VinciWorks frequently publishes a regulatory agenda. The guide gives a clear and in-depth overview of EU developments, ongoing acts of parliament, the latest COVID-19 government guidance and more.
In this webinar, VinciWorks’ Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson will explore the regulatory agenda for the next few months and beyond.
The webinar will cover:
EU developments — New reporting requirements including human rights in supply chains, directives on cyber security and more
Implemented regulations — New regulations such as BASEL III in the UK and new rules on tracking deforestation risks in supply chains
Consultations — Current government consultation on internal markets, legal aid, gambling, money laundering and more
On the horizon — Potential changes to GDPR and the impact of the UK’s ICO appointing a new commissioner
On the horizon — The latest on whistleblowing rules, potential new pay gap reporting requirements and possible new “failure to prevent” corporate offences
The EU’s Posted Workers Directive aims to ensure that employees sent (or “posted”) from one EU country to another are granted the same working conditions as local employees. It creates a significant compliance burden for employers in the EU that regularly send employees to other EU countries.
In this webinar,we helped attendees understand the extent to which they are impacted by PWD and what they need to do to comply.
The webinar covered:
The background and history of PWD
What is a posted worker?
Who is affected by PWD?
How is PWD implemented and enforced?
The extent to which the UK is affected by the Directive in light of Brexit
The Criminal Finances Act and other global legislation have placed anti-tax evasion measures on the corporate risk and compliance agenda. The past year has shown us that tax evasion enforcement is only ramping up. Increased investigations, large fines and new laws have demonstrated that there has never been a more important time to ensure that everyone in your organisation is on board with your compliance programme.
In this webinar, our experts explored the impact of tax evasion regulations over the past few years and shared best-practice guidance on compliance.
The webinar covered:
Why it’s important to have a strong compliance program
Reasonable procedures: do you have them and are they enough?
Best-practice guidance on spotting red flags
An international perspective on tax evasion, including DAC6
Major tax evasion cases and what we can learn
Tax evasion training requirements and best practice
The results of the ergonomics assessment in our health and safety training can be fully integrated with Omnitrack
How do you make online training an experience that actually makes a difference in real time? How do you measure what each user is gaining from the training?
All of our compliance courses come complete with an interactive element, be it quizzes, assessments or gamification. This is all very well, but how can administrators and compliance managers utilise these interactions to increase the impact of the training on the entire organisation?
We have just added a new feature to our reporting and tracking solution Omnitrack, allowing administrators and compliance managers to track all necessary data from each course completion. Below are four elements you can integrate and track with Omnitrack.
1. Assessments
The interactive ergonomics assessment in our health and safety course is just one of the many assessments that can be integrated with Omnitrack
Many of our courses include assessments to help establish an organisation’s level of risk. For example, in our health and safety course, which has been adapted for home workers, users undertake a number of assessments related to their workstation setup. These immersive assessments can be integrated. Administrators can then collect rich, actionable data from their users while they complete these assessments. Whether staff are working remotely or from an office, our tool will help businesses ensure all their staff have a comfortable and healthy space to work from home.
Similarly, our mental health course includes a self-assessment on work-related stress. To ensure that businesses can help staff who are struggling with work-related stress or anxiety, or to simply gain an overall understanding of how your staff are affected by stress, the assessment can easily be integrated with Omnitrack. This integration will allow administrators to play an important role in monitoring their staff’s mental wellbeing.
On 26 February 2021, the Cypriot Tax Authority announced that it will be extending the timeline for administrative fines in relation to the overdue submissions of DAC6 information in Cyprus. This follows on from the announcement that there would be an extension of the submission of information until 31 March 2021.
The administrative fines in Cyprus will not be imposed on taxpayers or intermediaries as long as the following categories of DAC6 reports are made by 30 June 2021:
Original Historic Reportable Arrangements: Arrangements that were triggered for reporting from the period between 25 June 2018 and 30 June 2020.
