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View online Hi, here is your weekly round-up of Out-Law News highlights from international law firm Pinsent Masons.  As always, there are plenty  of other stories from this week.  You can also access our archive of weekly emails.   This week's highlights from Out-Law News TMT & Sourcing and Intellectual Property  Social media disclosures of 'material' information for investors can be legitimate, says US regulator Businesses are allowed to disclose information that is materially relevant to investors through social media channels providing they explain that they may do so first, a US regulator has said. 04/04/2013 Google facing regulatory action in six EU countries over privacy policy issues The UK's Information Commissioner's Office (ICO) and five other data protection authorities (DPAs) based across Europe may serve penalties on Google over alleged failings in the company's privacy policy. 03/04/2013 Digital media re-sales over internet require rights holders' permission, rules US court The trade of second-hand copyrighted digital files over the internet is prohibited unless rights holders give their permission to the activity, a US court has ruled. 02/04/2013 Government procurement officials want centralised buying and full transparency of deals with suppliers Senior officials within Government responsible for procurement have said that Government purchasing should be centralised and that all the information relating to deals with suppliers should be made fully transparent, according to reports. 28/03/2013 Many businesses lack a "strategic plan" on how to utilise big data, according to Cisco survey More than a third of businesses that have the ability to bring together 'big data' have still to set out how they will make use of the information, according to a new survey. 28/03/2013 EU telco network sharing plans must be extended to all multi-site telecoms infrastructure companies, says expert The European Commission wants telecoms firms to be forced to allow rivals to offer high speed services over their networks as long as requests are "reasonable". But one expert said that the rules will not work in the UK unless extended to all providers of shared mast sites. 28/03/2013 Tax Taxes on company-owned high value homes and new statutory residence test come into force this week A new annual tax on residential properties valued at more than £2 million held by companies or other 'non-natural persons' came into force on 1 April and from 6 April whether or not an individual is resident in the UK for tax purposes will be determined by a new statutory test. 04/04/2013 Energy SSE fined £10.5m by Ofgem after misleading consumers about potential energy contract savings Energy regulator Ofgem has issued its biggest ever fine to an energy supplier after determining that SSE had been guilty of mis-selling energy contracts to consumers. 03/04/2013 Property Expert warns of 'missed opportunity' in village green reforms after Newhaven beach ruling Reforms to rules on the registration of areas of land as town or village greens (TVGs) should contain a "character test" in order to prevent "unconventional" areas of land being designated as TVGs, an expert has said. 28/03/2013 Financial Services Government proposes regulatory overhaul of UK payment systems The Government has outlined plans to overhaul the regulation of payment systems in the UK after identifying concerns about the ability of large banks to exert influence in the sector. 28/03/2013 The Financial Conduct Authority, financial advice, personal recommendations and our hope for more clarity John Salmon’s Financial Services blog 04/04/2013 Infrastructure Ruling on unintentional sewage leaks liability should lead firms to review prevention efforts, says expert Companies responsible for the operation of the sewer networks in England and Wales can be found criminally liable for unlicensed depositing of controlled waste even where that deposit of waste is unintentional, the High Court has ruled. 27/03/2013   Pinsent Masons: combining the experience, resources and international reach of McGrigors and Pinsent Masons   About this email This is a weekly email for subscribers of Out-Law.com, a website with more than 10,000 pages of legal news and guidance. If and when you need further advice, we hope you'll choose Pinsent Masons, the law firm behind Out-Law.com .   Please forward this email to your friends. If someone forwarded this email to you and you'd like your own subscription, register here. Copyright © 2013 Pinsent Masons LLP, All rights reserved.  You are receiving this email because you are a contact of Out-Law.com or Pinsent Masons LLP and your details are held in their clients and contacts database  Our mailing address is:  Pinsent Masons LLP 30 Crown Place London, UK EC2A 4ES United Kingdom