Regulations Listing: Responsible Corporate Leadership

REGULATORY RADAR - A global code of conduct for the foreign exchange market, unveiled on May 25, 2017, aims to lay down international standards on a range of practices, from the handling of confidential information to the pricing and settlement of deals.

REGULATORY RADAR - On October 18, 2017, the Justice for Victims of Corrupt Foreign Officials Act entered into force in Canada. The Act gives Canada the ability to impose sanctions against foreign nationals who are involved in corruption or gross violations of human rights.

REGULATORY RADAR - The government of Canada has proposed amendments to the Food and Drug Regulations to require front-of-package labeling for products that contain threshold levels of certain nutrients the Canadian government has flagged as being of public health concern, specifically sodium, saturated fats, and sugars. The proposed amendments will also change food-labeling regulations related to nutrient content claims and high-intensity sweeteners.

REGULATORY RADAR - The Federal Election Commission has increased contribution limits under the Federal Election Campaign Act.

REGULATORY RADAR - Sheri Meyerhoffer has been announced as the first Canadian Ombudsperson for Responsible Enterprise.

REGULATORY RADAR - Governor Jared Polis signed Colorado’s new equal pay bill, which addresses salary inequity between men and women, on May 22, 2019.

REGULATORY RADAR - At the end of June, the New York State legislature passed an omnibus bill that amends several state laws to expand workplace harassment protections.

REGULATORY RADAR - New York’s Governor Cuomo has signed a new data breach notification and cybersecurity law that expands the definition of a data breach, as well as extends the applicability of data breach laws to any business doing business in New York or that own/license information of a resident of New York.

REGULATORY RADAR - Canadian corporations incorporated at the federal level and governed by the Canadian Business Corporations Act are subject to new disclosure requirements regarding the diversity of corporate boards.

REGULATORY RADAR - The Equator Principles Association has released a new version of the Equator Principles, which serve as a common set of standards for financial institutions to assess and manage environmental and social risks in financing projects, such as project-related loans and project finance advisory services.

REGULATORY RADAR - On March 18, the U.S. Senate passed, and President Trump signed, the Families First Coronavirus Response Act. The new law, intended to support working families in response to the coronavirus outbreak, provides emergency sick leave, emergency paid leave, and employer tax credits to help cover employee wages resulting from emergency sick and paid leave.

REGULATORY RADAR - On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, which makes amendments to the Paycheck Protection Program (PPP), which helps businesses keep employees on their payroll during the COVID-19 pandemic.