Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Thailand | Publication | March 2022
On 18 March 2022, the Securities and Exchange Commission of Thailand (SEC) officially announced the regulations to prohibit the usage of digital assets (i.e. cryptocurrencies and digital tokens) as a means of payment for goods and services with an effective date on 1 April 2022 (The Notification of the SEC no. KorThor 5/2565 re: regulations, conditions and methods of providing services by the digital asset business operator that must not be in the manner of supporting the usage of digital assets as means of payment for goods and services).
Most of the principles set out in the regulations remain the same as the initial principles proposed the SEC and the Bank of Thailand (as set out in our previous update here) with only a few key additional information and amendments, in particular:
1. A digital assets business operator who is currently violating the regulation will have a grandfathered period to comply with the regulation by 1 May 2022; and
2. Any business operator who continues to violate the regulation will be subject to a fine not exceeding THB 300,000 and an additional fine not exceeding THB 10,000 for each day of the period which the violation continues.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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