Compliance Compass: Weekly Regulatory Roundup (2 – 6 September 2024)

Summary:

This week's regulatory update covers various changes and trends in regulatory policies across G-20 nations. Here's a brief summary of the key updates:

Anti-Bribery and Corruption: Brazil launched a public consultation on private integrity guidelines for enterprises with risk of corruption and environmental impact.

Anti-Money Laundering: Argentina published a preventive freezing measure for suspected terrorism financing, while Russia updated its procedure for changing organization heads in the Unified State Register of Legal Entities.

Competition: The European Commission published a Staff Working Document on the evaluation of EU competition regulations and a joint statement on abusive exclusionary conduct by dominant undertakings. Germany launched an online survey on Amazon's price control, Italy initiated a public consultation on Audiovisual Rights of the Italian Professional Football League, Japan sought opinions on evaluation report outcomes, and the UK opened an investigation into Ticketmaster's pricing practices.

Cybersecurity: The US Department of Labor updated its cybersecurity guidance to apply to all types of plans, including health and welfare plans and employee retirement benefit plans.

Data Protection: France published a guide for small and medium-sized enterprises (SMEs) on data protection, in collaboration with the European Data Protection Board (EDPB).

Employment: Brazil reinforced the ban on child labor during electoral campaigns, while the European Union published online interactive Risk Assessment tools for various sectors, and Germany drafted an aid to implement pension policy measures.

Environment: The UK enforced the Water (Special Measures) Bill, and the US Environmental Protection Agency (EPA) issued a Compliance Alert on HFC phase-down production and consumption.

ESG: Turkey published draft guidance on green, sustainable, and social capital market instruments.

Financial Services: Australia, Canada, Russia, South Korea, and the US announced various updates and consultations on prudential frameworks, financial products, and services.

Human Rights: Brazil established guidelines to promote diversity in state-owned companies, focusing on human rights and inclusive development.

Intellectual Property: The UK Intellectual Property Office (IPO) updated the Trade Marks Act 1994 and published guidance on case notifications.

These updates aim to help businesses stay ahead of regulatory changes and implement best practices to ensure compliance.