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
Canada | Publication | March 19, 2020 - 2 PM ET
We are all being forced to navigate the many challenges stemming from the rapid spread of COVID-19 (novel coronavirus). In that connection, we want to assure our registrant and investment fund clients that we are technologically equipped and fully accessible and are prepared to help respond to disruptions faced by you in this challenging time.
We are also monitoring relevant regulatory guidance as it is released and events as they unfold and we will continue to provide regular updates.
The various regulators are taking precautionary measures to protect the health and safety of employees and the public and are coordinating their approach for market participants filing deadlines and other compliance expectations. The OSC and IIROC have announced they will continue to carry out essential and core regulatory responsibilities while recognizing that flexibility is critical at this time. The OSC and IIROC have recently released updates and guidance relating to the current situation. Some of the salient details are as follows:
OSC staff has transitioned to mostly working remotely, but all operations will continue and efforts are being made to carry out business as usual:
IIROC’s offices are operating with limited staff onsite but are continuing to carry out critical regulatory responsibilities:
The COVID-19 situation presents unprecedented challenges to registrants and market participants. Our team is closely watching the key issues it raises. Regulators are taking steps to meet this worldwide pandemic and we are positioned to continue to provide our clients with the level of services expected and required.
We will continue to deliver relevant and timely updates. In the meantime, we remain available if you need further guidance or to share our relevant experience.
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023