Compliance Compass: Weekly Regulatory Roundup (17 – 21 June 2024)

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Regulatory Highlights: 17-21 June 2024

This week's regulatory update covers key developments in various fields across the G-20 nations. Notable highlights include:

Anti-money laundering: South Africa's Financial Intelligence Centre released new guidance on risk management and compliance.
Consumer protection: Germany's Federal Cartel Office published a final report on online shopping transparency and formulated recommendations.
Competition: The European Union launched public consultations on new transport rules and draft guidelines for land and multimodal transport.
Employment: Canada passed bill C-59 to ban replacement workers, while the European Union agreed on a directive for more effective representation of workers in large multinational companies.
Environment: Canada welcomed the Royal Assent of a bill addressing environmental racism, and the European Union agreed on a directive amending the Water Framework Directive.
ESG: European Supervisory Authorities published a joint opinion on the Sustainable Finance Disclosure Regulation (SFDR).
Financial services: The European Banking Authority updated the Pillar 3 Disclosure Framework, and the Bank of Russia limited the issuance of variable rate loans.
Intellectual property: The Intellectual Property Office (IPO) updated user guidelines for filing requests under the Global PPH program.

This summary provides an overview of the key regulatory developments across various sectors and jurisdictions.