Headlines

UK asks social media firms to assess online risks by March 31

Published by Global Banking & Finance Review

Posted on March 3, 2025

1 min read

· Last updated: January 25, 2026

Add as preferred source on Google
Selwood Asset Management advocates for Louis Hachette market listing change - Global Banking & Finance Review
The image illustrates Selwood Asset Management's proposal for Louis Hachette to change its stock market listing, emphasizing potential growth and visibility in the finance sector.
Global Banking & Finance Awards 2026 — Call for Entries

LONDON (Reuters) - Britain's media regulator Ofcom on Monday set social media and other online platforms a March 31 deadline to submit a risk assessment around how likely users are to encounter

UK Sets Deadline for Social Media Platforms to Assess Online Risks

LONDON (Reuters) - Britain's media regulator Ofcom on Monday set social media and other online platforms a March 31 deadline to submit a risk assessment around how likely users are to encounter illegal content on their sites.

New laws passed last year require companies like Meta's Facebook and Instagram and ByteDance's TikTok to take action against criminal activity on their platforms and make them safer.

Under the Online Safety Act, firms have to assess and mitigate the risks of a wide range of offences occurring on their platform, including terrorism, hate crime, child sexual exploitation and financial fraud.

"Specifically, they must determine how likely it is that users could encounter illegal content on their service, or, in the case of user-to-user services, how they could be used to commit or facilitate certain criminal offences," Ofcom said in a statement.

Failure to meet the assessment deadline could result in enforcement action, Ofcom said.

(Reporting by Aby Jose Koilparambil in Bengaluru and William James in London; Editing by Vijay Kishore and Sachin Ravikumar)

Key Takeaways

  • UK sets March 31 deadline for social media risk assessments.
  • New laws require action against illegal content on platforms.
  • Ofcom enforces compliance under the Online Safety Act.
  • Failure to comply may lead to enforcement actions.
  • Platforms must assess risks of terrorism, hate crime, and more.

Frequently Asked Questions

What is the deadline set by Ofcom for social media firms?
Ofcom has set a deadline of March 31 for social media and online platforms to submit their risk assessments.
What does the Online Safety Act require from social media companies?
The Online Safety Act requires companies to assess and mitigate the risks of various offences, including terrorism, hate crime, and child sexual exploitation on their platforms.
What could happen if companies fail to meet the assessment deadline?
Failure to meet the assessment deadline could result in enforcement action from Ofcom.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category