COVID-19 action plan
President Joe Biden announced an action plan marking an expansion of the US federal government's role in addressing COVID-19.
Banking Code of Practice review: Consumer group reaction
The Australian Banking Association (ABA) is currently undertaking the anticipated three-yearly independent review of the Banking Code of Practice (BCOP), with the consultation period having just closed.
US OSHA promotes training grants for safer workplaces
The acting assistant secretary for OSHA James Frederick issued an editorial promoting two sources of grant monies available to employers, unions and other organizations.
Guide to COVID-19: Government Relief Programs in Canada
As Canadian business leaders continue to face exceptional and wide-ranging challenges in response to the COVID-19 pandemic, the Federal Government and each of the provincial governments have introduced various subsidy, tax and other relief to help businesses cope with the crisis.
The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors
The Corporate Insolvency and Governance Act 2020 (the “Act”) introduces a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK.
COVID-19: Restrictions and Fines in Australia
Federal, state and territory governments continue to respond to the COVID-19 pandemic by introducing and maintaining a range of emergency measures aimed at protecting community safety and wellbeing.
Stage 4: Industrial-scale hibernation across Victorian businesses
On 3 August 2020, the Victorian Premier Daniel Andrews made the first of further announcements on the heightened COVID-19 restrictions.
As at April 30, 2020, the total net assets of collective investment undertakings, including undertakings for collective investment (UCIs) subject to the Law of 17 December 2010 relating to undertakings for collective investment, specialized investment funds and SICARs , amounted to €4,403.683 billion against €4,149.916 as at March 30, 2020, which shows a total increase of 6.11 percent over one month .
Liquidity management obligations for investment funds
In response to recent market volatility and disruption, operators of retail investment funds and their boards have been reminded of their governance and conduct obligations in light of potential liquidity risks. In addition, the Australian Securities and Investments Commission (ASIC) has requested that responsible entities, as the operators of registered schemes (retail funds), assist the regulator with monitoring the situation by introducing notification measures.