UK accused of being too slow to regulate cloud services providers
Minister says companies will be supervised by financial regulators from next year after MPs complain of sluggish action
Minister says companies will be supervised by financial regulators from next year after MPs complain of sluggish action

New legislation would give watchdogs the power to fine certain companies up to £17mn or 4% of annual turnover

Most index providers will be exempt from UK rules under a scaled-back regime

Survey of senior technology and data executives finds lack of understanding about how information is handled abroad

Officials are concerned about the damage to the country’s technology sector as well as its alliance with the US

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

Age verification is needed but government, rather than tech companies, should be responsible for developing tools