Regulatory Radar

REGULATORY RADAR - On July 7, 2021, the Financial Stability Board (FSB) issued its Roadmap for Addressing Climate-Related Financial Risks, prepared in consultation with standard-setting bodies.

REGULATORY RADAR - On July 14, 2021, the European Commission proposed a landmark “Fit for 55” package of climate and energy legislation.

REGULATORY RADAR - New laws and guidance in Louisiana, Maine, and New York limit the ability of employers to consider and demand criminal history during the hiring process.

REGULATORY RADAR - On August 18, 2021, the U.S. Environmental Protection Agency (EPA) announced that it will stop the use of the pesticide chlorpyrifos on all food, by revoking all “tolerances” for the chemical.

REGULATORY RADAR - Singapore Exchange Regulation (SGX RegCo) is proposing a roadmap for climate-related disclosures to be made mandatory in issuers’ sustainability reports

REGULATORY RADAR - On August 20, 2021, China's National People's Congress passed a law designed to protect online user data privacy, which will go into effect on November 1.

REGULATORY RADAR - On June 23, 2021, CT Gov. Lamont signed a special session bill which included a requirement for employers to provide employees with two hours of unpaid time off to vote on the day of a regular state election.

REGULATORY RADAR - On June 30, 2021, the International Organization of Securities Commissions (IOSCO)—which counts the SEC among its members—issued a consultation report recommending that securities regulators set regulatory and supervisory expectations for asset managers regarding sustainability-related risks and opportunities. recycling systems in the nation.

REGULATORY RADAR - The California legislature has passed the “Silenced No More Act,” which according to some analysts may provide some of the most comprehensive protections in the country for workers who expose discrimination.

REGULATORY RADAR - On October 5, 2021, CA Gov. Gavin Newsom signed two bills into law aimed at restricting environmental marketing claims.

REGULATORY RADAR - On October 11, 2021, France’s environment ministry announced that it will ban plastic packaging for nearly all fruit and vegetables starting in January 2022.

REGULATORY RADAR - On September 23, 2021, the United States Environmental Protection Agency (EPA) issued a final rule establishing a comprehensive program to cap and phase down the production and consumption of hydrofluorocarbons (HFCs).