Publication
Real Estate Focus - December 2024
December has been a very busy month, with a flurry of new government policies and consultations.
United States | Publication | January 18, 2022
Arizona maintains an OSHA approved state occupational safety and health program administered by the Industrial Commission of Arizona (ICA) through its Division of Occupational Safety and Health. The ICA has taken the position that under Arizona’s state plan, the ICA retains exclusive authority to determine if, when, and to what extent Arizona will adopt an Emergency Temporary Standard (ETS) promulgated by OSHA, including the November 5, 2021 ETS requiring all employers with 100 or more employees to develop, implement, and enforce a mandatory COVID-19 vaccination or testing policy. Upon learning of the November 5 ETS, the ICA issued a press release stating that it would review the ETS but that the standards contained therein are not binding or enforceable against Arizona’s private and public sector employees until formally adopted (if at all) by the ICA. The ICA had also previously declined, without comment, to implement the June 21, 2021 ETS issued by OSHA requiring healthcare facilities to develop and implement an effective COVID-19 plan.
Under 29 C.F.R. 1953.5(b), within 15 days of receipt of an ETS from OSHA, approved state plans must notify the federal agency of the state plan’s intent to adopt the OSHA ETS or demonstrate that adoption is not necessary because the state standard is already the same as or at least as effective as the federal standard. Failure to do so may result in OSHA withdrawing its approval of the state plan. As of the date of this publication, the ICA has not adopted either the June 21 or November 5 ETS and has not issued any further guidance with respect to the mandatory vaccination and testing policies set forth in each. OSHA has since informed the ICA, along with state agencies administering OSHA approved plans in other states, that they have until January 7, 2022 to inform OSHA of their plans to adopt, reject, modify, amend, or revise the OSHA standards. OSHA has signaled that it will begin the process of withdrawing approval for state plans that have not adopted the standards or implemented similar standards by January 24, 2022.
The validity of the OSHA standards is currently being challenged in multiple lawsuits that have been consolidated for oral argument on January 7, 2021 before the U.S. Supreme Court. We expect the situation to remain fluid until the Supreme Court issues a decision, and possibly thereafter depending on the breadth of the Court’s decision.Publication
December has been a very busy month, with a flurry of new government policies and consultations.
Publication
On 13 December 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 53 (PMB 53) which includes confirmation of the final form of two new, and one amended, sponsor-related technical notes previously consulted on in PMB 50, and a consultation on various proposed changes to the technical and procedural notes in the FCA’s knowledge base.
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The Regulator has provided a link to its dashboard webinar held on November 26, 2024, which it urges scheme trustees to watch. The Money and Pensions Service also collaborated with the Pensions Dashboard Programme to host a “town hall” dashboard event on December 2, 2024.
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