Leather, re-treaded tires and some packaging materials will no longer be in scope for the EUDR, due to apply in law from December 30 this year.
EU
Posted inData Privacy
GDPR 10 years on: Differences in regulatory enforcement still problematic
In the decade since the EU’s groundbreaking privacy legislation, the GDPR was approved, companies have faced increased scrutiny over the reasons they collect, retain, and share personal information, as well as the measures they take to ensure its security.
Posted inRegulatory Enforcement
ESMA fines Moody’s $2.45M over misreporting errors
Moody’s Germany has been hit with a $2.45 million by the EU’s financial markets regulator for four breaches of credit rating agency regulations.
Posted inData Privacy
GDPR 10 years on: Data compliance now front of mind
Europe’s landmark privacy legislation, GDPR, was officially adopted ten years ago and has been in force since May 2018. It has forced organizations to change the way they think about personal information and has put privacy risk firmly on the board’s agenda, especially since the sanctions available under the regime are potentially ruinous
Posted inCryptocurrency and Digital Assets
Experts weigh up challenges for firms, FCA under U.K. plan to regulate crypto
The U.K. has set itself a path to regulate crypto from the end of next year that is different to the rest of Europe. While the EU has created sector-specific rules for the industry under the Markets in Crypto Assets Regulation, the U.K. will instead make crypto firms subject to the same rules as every other financial services provider.
Posted inTransportation
EU air passengers to gain new rights to compensation, transparent pricing and clear, timely communications
Airline companies operating in the EU must take on board new rules covering a wide range of issues, from how to handle passenger compensation claims to notification of hand baggage allowances, rights to additional support, and transparent, timely communications.
Posted inEurope
EU revised sustainability reporting standards require compliance ‘gear change’ but increase flexibility
The European Commission is calling for public feedback on the final draft of its revised sustainability reporting standards. Compliance teams should note that the draft retains most of the double materiality requirements that some hoped they would drop, but clarifications over how to approach materiality assessments may reduce compliance time and costs. Once the consultation […]
Posted inRegulatory Policy
Red flags, top-tips to help identify forced labor at home and abroad
Efforts by the Trump administration to impose tariffs on countries that it deems do little to discourage or penalize companies that profit from forced labor have reignited the need for compliance teams to ask deeper questions about how their organizations attempt to uncover incidences of modern slavery in the workplace and supply chains.
Posted inFinancial Services
U.K. slashes FS rules, seeks closer EU regulation ties to boost growth
The U.K. government has announced a raft of legislation that will drastically cut compliance requirements in the financial services sector, as well as aim to bring the United Kingdom more in line with the EU to simplify customs regulations and boost trade.
Posted inEurope
EU calls for transparency, governance as rising defense spending attracts fraudsters
Rapidly rising defense spending across EU states is creating new opportunities for
fraudsters. The director of the EU’s anti-fraud agency has warned that states that are
funding rearmament must increase their fraud protections. Companies and investors in the sector should therefore expect more fraud activity and more scrutiny.
