Tag: regulatory

UK businesses in China call for regulatory clarity

Beijing needs to provide greater regulatory certainty on data security and other issues to help restore foreign investor confidence, the British Chamber of Commerce in China has warned.

A survey last month found sentiment among the chamber’s members had recovered from the depths of last December, with 8 per cent describing themselves as “pessimistic”, down from a record 42 per cent.

But six months after China abandoned draconian Covid-19 restrictions, 70 per cent of the chamber’s members were still adopting a wait-and-see attitude on new investments while they sought regulatory clarity, the business group said.

“There is some nervousness; it’s not just in individual sectors but across the board,” said Julian MacCormac, chair of the chamber, which on Tuesday released its 2023 position paper on British business in China.

The outgoing president of the EU Chamber of Commerce in China, Jörg Wuttke, warned that foreign investors were cautious and uncertainty over data security and changes to espionage laws were dogging businesses.

China is seeking to encourage private businesses to begin investing again to stoke a recovery in the world’s second-largest economy, which grew at its slowest pace in decades last year because of rigid Covid controls.

But foreign businesses have complained of mixed signals from Beijing, which has cracked down on consultancies in recent weeks over allegations some of their work touched on issues of national security.

Geopolitical and trade tensions between the US and its allies and China have worsened the outlook. China this week announced it was blocking chips made by US company Micron from use in important information technology networks.

In its position paper, the British chamber provided a range of recommendations for improving the business environment, saying navigating data security and IT regulations in China ranked among the top challenges facing UK companies in the country.

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2022 Year In Review: Canadian Advertising, Marketing And Regulatory Law – Key Highlights And Developments – Advertising, Marketing & Branding

2022 marked a busy and notable year for advertisers and
marketers as several key legislative and regulatory proposals,
changes and practices were announced or came into force. This
article provides a brief overview of recent developments impacting
advertising in Quebec due to Bill 96, drip pricing and harsher
penalties for deceptive marketing practices, environmental claims
and important new labelling requirements for “unhealthy”
foods and natural health products.

Changes to Advertising and Labelling Rules in Quebec: Bill

One of the most significant and widely publicized law reforms
adopted by the Québec government in recent years is Bill 96,
An Act respecting French, the official and
common language of Québec
(the “Act”).
Bill 96 aims to reinforce the predominant use of the French
language in Québec and amends the Charter of the French
to impose stricter rules on the use of French by
businesses that operate or transact with customers within the

One of these rules includes the use of French on public signage,
posters, and commercial advertising. Previously, business owners
were allowed to use a trademark on public signage and posters
visible from outside premises if that trademark was
“recognized” (meaning, a registered or
unregistered trademark), and a registered French version of that
mark did not exist on the Trademarks Register. Under Bill 96, an
unregistered trademark is no longer sufficient. A trademark in a
language other than French may be used on public signage only if it
is registered and no French registration exists. Should storefront
signage contain both a trademark in French and a trademark in a
language other than French, the French text must be markedly
predominant under Bill 96.

Businesses should also be wary about the use of product labels
on goods sold in Québec. Under the Act, every
inscription on a

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Hyperlink Administration in talks to settle regulatory probe, provide LFS device

Feb 20 (Reuters) – Australia’s Link Administration Holdings (Hyperlink Group) (LNK.AX) claimed on Monday that it is in advanced conversations to settle a probe into its Uk-centered Website link Fund Options (LFS) device and to provide the firm to Dublin-based mostly Waystone Group.

However, Connection claimed that even if each sets of discussions had been concluded, it would acquire no net proceeds from the sale and warned of a in the vicinity of A$449 million ($308.4 million) non-income impairment charge for the 50 % yr finished Dec. 31 2022 in relation to the troubled device.

British isles-based LFS was the authorised company director of fallen star supervisor Neil Woodford’s fairness cash flow fund, which managed billions of lbs . ahead of getting suspended amid a political and community outcry in 2019, triggering an investigation by Britain’s Economical Carry out Authority (FCA).

The Australian share registry business and the FCA mentioned on Monday they were in state-of-the-art confidential talks aimed at settling the investigation into the administration of the now-defunct LF Woodford Equity Cash flow Fund.

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The FCA claimed it is trying to find to establish no matter if its proposed enforcement action against LFS can be solved by settlement.

“To guide a prospective resolution, the FCA has presented time for Url Group to realise property, including Hyperlink Group held assets, to meet up with the FCA’s considerations,” the FCA reported.

“We will present a further more update as quickly as we are ready to,” the FCA additional.

LFS was the major discomfort level in a proposed A$2.47 billion buyout of Connection Administration by Canada’s Dye & Durham (DND.TO), which fell by means of in September after it hit regulatory snags.

Backlink Team on Monday explained it experienced extended an exclusivity time period

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