Keeping up with the ever-changing landscape of compliance regulations is one of the biggest challenges of our work. These updates will make that a little easier. Use the legal and regulatory feed to stay current on the latest news and regulations impacting the world of compliance.
The European Commission recently announced new legislation to address work-life balance and women's underrepresentation in the labor market.
While local laws of Singapore, Malaysia and Indonesia have fully complied with the ASEAN Medical Device Directive (AMDD), it is encouraging to see more developments of various Member States in ASEAN this year.
On 6 August 2019, the Monetary Authority of Singapore issued a set of legally binding requirements that financial institutions must take to mitigate the growing risk of cyber threats.
The Federal Ministry of Justice publishes draft for corporate liability law – what comes next for companies: increasing persecution pressure due to the principle of legality, higher sanctions and incentives for compliance programs and internal investigations.
The European Central Bank issued a newsletter on 14 August 2019 calling on banks supervised under the Single Supervisory Mechanism to step up their Brexit preparations. This seems to have been driven by a perception that banks had been "easing off" on preparations, especially, since the April extension to Article 50. With the new UK government apparently sticking firmly to its policy of leaving the EU on 31 October, there is a renewed sense of urgency.
The UN’s work and labor agency, the International Labor Organization or ILO, adopted a “Violence and Harassment Convention” and “Violence and Harassment Recommendation” at the Centenary International Labor Conference in Geneva.
The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS) has developed a Code of Practice, and accompanying guidelines, which sets out industry standards of Anti-Money Laundering and Counter Financing of Terrorism measures that crypto-firms may wish to comply with on a voluntary basis.
On 12 August 2019, the Australian Securities & Investments Commission released updates to two important Regulatory Guides to formally include climate change as a risk that issuers should consider disclosing in a prospectus for retail clients (RG228) or in a company's operating and financial review (RG247).