Our Scans · EU Exit Services Trade · Weekly Summary

• [New] Telecom AI touches GDPR (call records, location, billing data), the EU AI Act (progressive application through 2026, with some profiling and decision systems classified as higher risk), and sector-specific rules such as NIS2, lawful intercept, data retention, and emergency-services obligations. Tommaso Maria Ricci
• [New] Under the EU's Digital Services Act, a platform with more than 45 million monthly active users in the EU is designated a Very Large Online Platform and subjected to the strictest transparency, risk-assessment, and audit obligations, per the European Commission's DSA framework. shattered.io
• In the medium term, the UK will need a bespoke deal, probably closer to Switzerland than to Norway, since Britain is unlikely to accept EU rules wholesale in services sectors where it has a comparative advantage, from the City of London to technology and AI. Centre for European Reform
• Any relationship with Beijing now has to be judged against both economic benefit and national security risks as British intelligence services continue to raise concerns about spying, threats to Chinese nationals in the UK and intellectual property theft. BBC News
• If a final US-Iran deal is reached, energy, trading, shipping and financial services firms should expect further EU and UK restrictions on Russian oil and gas alongside an easing of Iran sanctions. Mishcon de Reya LLP

Last updated: 03 August 2026