It is not fully clear how U.S.-based tech companies may fare as the UK takes over responsibility from the European Union for regulations on the sector. But there could be a relatively good sign from prior experiences at UK regulatory bodies.
“UK regulators have generally been perceived as more pro-business—and less anti-U.S. industry— than other regulators in the EU when it comes to applying EU Directives (and the UK laws implementing them),” says Michael Vatis, an attorney at Steptoe & Johnson, who was the founding director of the National Infrastructure Protection Center at the FBI. “The data protection directive is a good example. So if and when the UK does actually leave the EU, U.S. companies may reasonably expect to have a less onerous regulatory regime in the UK than in the EU. On the other hand, the loss of the UK perspective from EU regulatory councils and working groups and the European Parliament may make those bodies even less hospitable to U.S. tech companies.”
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