On November 24, 2021, the Government of British Columbia announced that, as of January 1, 2022, eligible employees will be entitled to five paid days of sick leave per year, pursuant to amendments to the Employment Standards Act (ESA) and
Continue Reading Sick Day: Five Days’ Paid Leave for BC Employees Starts January 1, 2022
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Amendment Decree Financial Markets 2021 submitted to Dutch Parliament and Dutch Senate
On 24 November 2021, the Dutch Minister of Finance submitted the Amendment Decree Financial Markets 2021 (Wijzigingsbesluit financiële markten 2021, the Amendment Decree 2021) to the Dutch Parliament (Tweede Kamer) and the Dutch Senate (Eerste Kamer). The Amendment Decree 2021…
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FCA PS21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’
On 30 November 2021, the Financial Conduct Authority (FCA) published Policy Statement 21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’ (PS21/20).
In PS21/20 the FCA sets out its final policy position and rules on changes to the research rules…
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Commission issues targeted consultation on improving the EU’s macroprudential framework for the banking sector
On 30 November 2021, the European Commission issued a targeted consultation intended to gather evidence on the current macroprudential rules for credit institutions in line with the better regulation principles and in view of the forthcoming legislative review mandated by…
Continue Reading Commission issues targeted consultation on improving the EU’s macroprudential framework for the banking sector
Commission Delegated Regulation amending Delegated Regulation 2019/815 as regards the 2021 update of the taxonomy laid down in the RTS on the single electronic reporting format
On 30 November 2021, the European Commission published Commission Delegated Regulation (EU) of 29.11.2021 amending Delegated Regulation (EU) 2019/815 as regards the 2021 update of the taxonomy laid down in the regulatory technical standards on the single electronic reporting format…
Continue Reading Commission Delegated Regulation amending Delegated Regulation 2019/815 as regards the 2021 update of the taxonomy laid down in the RTS on the single electronic reporting format
SEPA Request-To-Pay Scheme Rulebook
On 30 November 2021, the European Payments Council published the second version of Single Euro Payments Area (SEPA) Request-To-Pay (SRTP) Scheme Rulebook, which is based on the comments received in response to a three-month public consultation on the proposed…
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Corrigendum to Commission Decision C(2021)4858 final of 6 July 2021 on the adoption of the answers to be provided to questions submitted by the ESAs
On 30 November 2021, the European Commission adopted a corrigendum concerning Commission Decision C(2021)4858 final of 6 July 2021 on the adoption of the answers to be provided to questions submitted by the European Supervisory Authorities under Article 16b(5) of…
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FCA consults on regulatory fees and levies for 2022/23
On 30 November 2021, the Financial Conduct Authority (FCA) published Consultation Paper 21/33 ‘Regulatory fees and levies proposals for 2022/23’ (CP21/33). In CP21/33 the FCA sets out proposed policy changes to the way in which it will raise FCA…
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FSB report on good practices for Crisis Management Groups
On 30 November 2021, the Financial Stability Board (FSB) issued a report on good practices for Crisis Management Groups (CMGs). The report sets out good practices that have helped CMGs to enhance preparedness for the management and resolution of a…
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Covid-19 business interruption claims and rental remission
This recent Cape High court judgment contains some useful guidance for insurers in adjusting covid-19 business interruption claims involving recovery or remission of rental.
The court confirmed that as a matter of general principle:
- a lessee is entitled to claim
…
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