Regulatory Radar

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 13, 2021, the U.S. Labor Department proposed a rule that would reverse former President Donald Trump’s regulations on the use of environmental, social, and corporate governance (ESG) factors in retirement portfolios.

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).

REGULATORY RADAR - On September 14, 2021, the EPA announced the following actions indicating further study and possible limitations of PFAS in wastewater.

REGULATORY RADAR - India’s Foreign Contribution (Regulation) Amendment Act 2020 (FCRA 2020) came into force on September 29, 2020; read updates on the changing terms.

REGULATORY RADAR - On November 1, 2021, NY Gov. Kathy Hochul signed into law an amendment to the New York Paid Family Leave Law (NYPFLL), which will allow employees to take leave to care for siblings with a serious health condition.

REGULATORY RADAR - On October 25, 2021, the Government of Ontario introduced the Working for Workers Act 2021, which, if passed, is intended to encourage employee work-life balance in the province.

REGULATORY RADAR - On November 3, 2021, the U.S. Securities and Exchange Commission (SEC) issued a staff legal bulletin which stated that proposals requesting companies adopt timeframes or targets to address climate change are no longer considered excludable.