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Health Canada identifies lithium-ion batteries, infant bath seats, and water beads as hazards of concern
Health Canada has recently identified three new classes of products that pose a hazard of concern.
Australia | Publication | May 2024
ASIC has released Consultation Paper 378 'Safeguard mechanism reforms: Updates to RG 236' (CP 378) which proposes to update Regulatory Guide 236 Do I need an AFS licence to participate in carbon markets (RG 236). The updates will address safeguard mechanism reforms which commenced on 1 July 2023 and allow the Clean Energy Regulator to issue a new type of carbon product - Safeguard Mechanism Credit units (SMCs). The Clean Energy Regulator will be able to issue SMCs from January 2025.
RG 236
The current RG 236 provides guidance on whether market participants require an AFS licence to participate in or give financial advice in relation to the carbon market. RG 236 has not been updated since May 2015.
On 1 July 2023 the safeguard mechanism reforms commenced which allow the Clean Energy Regulator to issue SMCs as a type of Eligible International Emission Unit (EIEU). EIEUs are a regulated financial product under the Corporations Act.
Proposed updates
ASIC is proposing to update RG 236 to specifically address SMCs and the implications of providing advice, dealing in or making a market in SMCs. In addition to these changes ASIC is seeking industry feedback on its proposals to update guidance on:
Additionally, ASIC proposes to provide updated examples of the types of financial products that may involve emissions units other than ACCUs and SMCs, such as derivative and managed investment schemes.
Next steps
ASIC is seeking feedback from stakeholders in relation to the updates by 3 June 2024. In the second half of 2024, ASIC proposes to update RG 236 and Information Sheet 156 Regulated emissions units: Applying for or varying an AFS licence (INFO 156).
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Health Canada has recently identified three new classes of products that pose a hazard of concern.
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An employer’s ability to ask for a sick note when an employee is absent from work due to illness is becoming increasingly curtailed across Canada.
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Over the past two years, Spain has significantly strengthened its foreign investment screening mechanism, and all acquisitions by foreign investors (as defined below) of a Spanish entity active in a strategic sector are subject to prior authorisation by the Ministry of Industry, Commerce and Tourism (“MoICT”).
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