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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.
United Kingdom | Publication | September 2023
On August 29, 2023, the Pensions Regulator published a blog on climate scenario analysis under the Taskforce on Climate-related Financial Disclosures (TCFD) reporting framework for trustees of large occupational pension schemes.
Trustees of schemes with at least £1bn in assets are obliged to undertake scenario analysis "as far as they are able", addressing the potential impact of climate change on scheme assets and liabilities, and the resilience of the scheme's investment and funding strategies. Scenario analysis is required in the first scheme year to which the requirements under the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 apply and then at least every three years thereafter.
In intervening years, trustees are obliged to consider whether new analysis is appropriate to ensure they have an up-to-date understanding.
While the blog assures trustees they do not need to be climate science experts, it says it is "essential trustees … feel confident to question and challenge their advisers and the output from climate scenario analysis". They should ensure their analysis "addresses a fuller range of real-world risks and uncertainties". To this end, trustees should:
The blog reports that around 90 schemes had published TCFD reports by July 31, 2023, and a further 180 are expected to publish by November 6, 2023. It suggests that if trustees have completed scenario analysis but not finalised their TCFD report, they could add additional commentary to the report on how they expect the analysis to develop. If the report is completed, additional comments could be recorded in board minutes.
The Regulator hopes to encourage more debate in this area in advance of the DWP’s review of the statutory requirements under the regulations later this year.
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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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