Category Archives: Thought leadership

The SRA law firm diversity survey – What you need to know

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. 

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Regulatory Agenda for April 2021

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
  • Bills before Parliament
  • Secondary legislation
  • Open and closed consultations
  • Regulations and initiatives on the horizon

Download Regulatory Agenda

Upcoming webinar: ESG — The new era in corporate accountability

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Wednesday 12 May, 12:00pm (UK)

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
  • Your questions on ESG reporting and compliance

Free registration

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Upcoming webinar: GDPR – Three years on

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Tuesday 25 May, 12pm (UK)

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?
  • Best-practice guidance
  • How to implement effective training year-on-year
  • What does the future hold for GDPR in the UK?

Free registration

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Upcoming webinar – What’s on the regulatory agenda for Q2?

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Wednesday 21 April, 12pm (UK)

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

Free registration

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Integrate your training with VinciWorks’ reporting and tracking tool

Ergonomics assessment results dashboard
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.

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DAC6 Cyprus: No administrative fines until 30 June 2021

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. 

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DAC6 Belgium: Reporting Challenged in Constitutional Court

In December 2020, the Belgian Constitutional Court (Grondwettelijk Hof) decided to refer a preliminary question to the European Union Court of Justice in relation to DAC6. The preliminary question in Case number C-620/19 is around whether the DAC6 notification obligation infringes on the right of a fair trial and the right to private life under the EU Charter of Fundamental Rights.

In light of the professional secrecy restrictions, the Belgian Association of Tax Lawyers argued before the Constitutional Court that it is impossible to fulfil their notification obligation towards other intermediaries.

They claim that information that is protected by professional secrecy in respect of the authorities is also protected in respect of other intermediaries who may be involved. They believe that the DAC6 reporting obligations infringe the right of a fair trial and the right to private life. Both of which are guaranteed in the Charter of Fundamental Rights of the EU.

Learn more about our DAC6 reporting solution

New podcast episode of MDR Unpacked: Episode 3 – Argentina

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In our latest episode of MDR Unpacked, our Director of Best Practice Gary Yantin and Head of Legal and Product Research Ruth Mittelmann Cohen share the latest updates on the Mandatory Disclosure Rules in Argentina. They will look at what MDR means in Argentina, the timescales, the penalties and who needs to comply.

Listen now

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Regulatory Agenda for March 2021

To help businesses keep track of updates in UK legislation and policies, VinciWorks regularly publishes a regulatory update. Our regulatory agenda for March 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
  • Bills before Parliament
  • Secondary legislation
  • Open and closed consultations
  • Regulations and initiatives on the horizon

Download Regulatory Agenda