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TGA shelves biosimilar and generic transparency measures
In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
United Kingdom | Publication | May 2024
The Regulator’s latest blog encouraging innovation in the DB market to offer savers clear benefits and proper protections.
The blog points out that innovation is “fundamental to delivering better outcomes for savers”, but new market propositions should “provide both a clear benefit to savers, and also have the right protections around them”.
The blog goes on to say that the Regulator welcomes the recent higher profile of superfunds and hopes to see an emerging competitive superfund market. However, it urges caution about a possible new offering paying DB pensions to DC members transferring into such a new vehicle, as the regulatory and supervisory frameworks need to be properly developed.
The Regulator plans to develop its regulatory approach to DB alternative arrangements and publish new guidance on these arrangements to help trustees navigate them. It also expects trustees transferring members into a new type of scheme to engage with its market oversight team.
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In late 2020, following almost 18 months of public and industry consultations conducted by the Therapeutic Goods Administration (TGA).
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The Government of Ontario recently introduced the Strengthening Cyber Security and Building Trust in the Public Sector Act, 2024 (Bill 194) seeking to strengthen cybersecurity programs in the public sector and provide the groundwork for the responsible use of artificial intelligence (AI) among various public sector entities.
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On May 24 the Labour Party published an update to its proposals on employment law in “Labour’s Plan to Make Work Pay: Delivering A New Deal for Working People” (the Plan). Our review of the proposals included in the Green Paper which was initially published in 2021 can be found here. Should they win the election, the Labour Party has stated that it will introduce an Employment Bill within the first 100 days of being in power which will cover many of these issues.
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