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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Global | Publication | May 2023
The Government has recently published draft legislation that will provide businesses with an additional three years to comply with the transitional provisions relating to the registration of substances under UK REACH.
Registrations made under EU REACH whilst the UK was still in the EU were automatically transferred into UK REACH. Although there was a requirement for registrants to provide the Health & Safety Executive (the HSE) with further information relating to those substances by specific deadlines (depending on the status of the substance under UK REACH and the quantities in which the substance is manufactured or imported). The draft Reach (Amendment) Regulations 2023 (the Draft Regulations), laid in Parliament on 20 April 2023, will extend the current deadlines for the submission of that further information by three years as set out below.
The Draft Regulations also extend the period in which downstream users and distributors under UK REACH can import chemicals from the EU without submitting a full registration to the HSE. This is to ensure that period remains consistent with the extended deadlines outlined above.
In addition to these extensions, the Government will be developing and introducing a new registration model that will facilitate registrations that have been transferred from EU REACH to UK REACH.
When the Draft Regulations come into force this will be the second time that the deadline for submissions will have been extended by legislation, and recognises the significant administrative burden placed on both businesses and the HSE due to the transitional registration requirements under UK REACH.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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