I don't completely understand what gives them the right to do so - legislation are still in place, GDPR & the rest are included.
I think that also breaking the law might be easier. EU might not bother anymore penalizing them for a member that's already leaving, and UK alone will have very little force imposing penalties on an US corporation.
The UK may still be following some of the EU's rules, but they have officially left the union.
The UK is following EU rules and regulations at least until the end of the year. After that point, it can pick and choose, based on negotiations for trade agreements or whatever other reason pleases it.