I wonder if @cyberleagle, the author of one of the, if not the, most respected, authoritative texts on Internet regulation, might be considered to be at least a little clued up about this stuff :)
Also, any insight from sitting with, talking to describing issues with, and generally getting in the face of the numerous Ofcom staff who spent the week at #TrustCon.
Both are good inputs. Don't ignore the regs. Don't have a heart attack about the regs. Somewhere is the middle ground that demonstrates good faith and meaningfully advances a safer Internet.