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June 2024 brings many changes to federal employment laws
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
United Kingdom | Publication | February 2024
The Financial Markets Law Committee has published a report on pension scheme trustees’ evolving fiduciary duties and decision-making in relation to sustainability and climate change. The report is intended to provide an accessible explanation of the current legal position and the existing uncertainties and difficulties.
The paper notes that, although trustees have advisers and investment managers, the ultimate decision-making responsibility rests with the trustees. It also sets out the distinction between financial and non-financial factors and focuses on climate change as an important feature of sustainability in investing.
Trustees are being asked to consider and document their taking of climate change into account in their decisions under the Regulator’s new General Code. While neither the Code nor the Committee’s paper is binding on trustee decision-making, it may help trustees develop a clear policy in this area.
Publication
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
Publication
Since 2022, the Government of Canada has introduced three waves of amendments to the Competition Act (Act), making substantive changes to Canada’s competition laws, with the most recent amendments receiving royal assent on June 20, 2024.
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