List of parties to the Kyoto Protocol

Bermuda is removed from EU's Annex II

Retrieved on: 
Thursday, October 6, 2022

Premier and Minister of Finance, David Burt said: "Bermuda prides itself on being a transparent jurisdiction and always compliant with EU standards.

Key Points: 
  • Premier and Minister of Finance, David Burt said: "Bermuda prides itself on being a transparent jurisdiction and always compliant with EU standards.
  • We committedto addressing the recommendation in Annex II and are pleased with this positive decision.
  • As always, Bermuda remainscommitted to cooperating with the OECD FHTP and EU Code of Conduct Group (Business Taxation) in implementing tax governance standards."
  • At the OECD FHTP meeting in April 2022, it was confirmed that Bermuda had met the recommendation, which was then removed.

Bermuda is removed from EU's Annex II

Retrieved on: 
Thursday, October 6, 2022

HAMILTON, Bermuda, Oct. 6, 2022 /PRNewswire/ -- The Ministry of Finance is pleased to report that the Council of the European Union and its Code of Conduct Group determined that the island had fulfilled its recommendations on taxation and was therefore removed from Annex II.

Key Points: 
  • HAMILTON, Bermuda, Oct. 6, 2022 /PRNewswire/ -- The Ministry of Finance is pleased to report that the Council of the European Union and its Code of Conduct Group determined that the island had fulfilled its recommendations on taxation and was therefore removed from Annex II.
  • Premier and Minister of Finance, David Burt said: "Bermuda prides itself on being a transparent jurisdiction and always compliant with EU standards.
  • We committedto addressing the recommendation in Annex II and are pleased with this positive decision.
  • At the OECD FHTP meeting in April 2022, it was confirmed that Bermuda had met the recommendation, which was then removed.

Manulife Investment Management launches Global Climate Action Fund in Europe to help meet increasing demand for sustainable investment solutions that tackle climate risks

Retrieved on: 
Monday, September 5, 2022

LONDON, Sept. 5, 2022 /PRNewswire/ -- Manulife Investment Management has announced the launch of The Manulife Global Fund - Global Climate Action Fund ("Fund")1 for European institutional investors2 in a continued drive to invest in innovative organisations that contribute to achieving net zero. The Article 9 Fund seeks long-term capital growth by investing in organisations that make positive contributions to climate change.

Key Points: 
  • Manulife Investment Management launched its Global Climate Action strategy in Canada early last year and it is now available to European institutional investors through the Fund.
  • Manulife Investment Management has further announced the expansion of its range of Manulife Global fund sub-funds available to European investors: Sustainable Asia Equity Fund, Asian High Yield Fund, and U.S. Small Cap Equity Fund.
  • Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation.
  • https://www.manulifeglobalfund.com/
    2 Manulife Global Fund Global Climate Action Fund is available to institutional investors in the following European countries: United Kingdom, Italy, Germany, Luxembourg, Finland, Denmark, and Switzerland.

Civil Society Group, 'The Collectif', Renews Calls for DRC Government to Remove Trafigura's Cobalt Deal

Retrieved on: 
Monday, August 8, 2022

The "Collectif des Mouvements Citoyens, Leaders des Organisations des Jeunes et Jeunes Femmes" is a co-operative that includes 33 civil society groups based in the DRC.

Key Points: 
  • The "Collectif des Mouvements Citoyens, Leaders des Organisations des Jeunes et Jeunes Femmes" is a co-operative that includes 33 civil society groups based in the DRC.
  • The Collectif wrote to prime minister Jean-Michel Sama Lukonde in June alleging that the deal with Trafigura had breached the DRC's laws on contract tendering.
  • In November 2020, Trafigura signed a contract with Entreprise Generale du Cobalt (EGC), a subsidiary of state-controlled mining company Gecamines, to market cobalt produced from artisanal mining zones.
  • According to the terms of the deal, Trafigura will be able to purchase 50% of artisanal cobalt production in the country over a five-year period.

IEEE Publishes 2023 National Electrical Safety Code® (NESC®)

Retrieved on: 
Monday, August 1, 2022

IEEE, the world's largest technical professional organization dedicated to advancing technology for humanity, and the IEEE Standards Association (IEEE SA) today announced the release of the 2023 National Electrical Safety Code (NESC).

Key Points: 
  • IEEE, the world's largest technical professional organization dedicated to advancing technology for humanity, and the IEEE Standards Association (IEEE SA) today announced the release of the 2023 National Electrical Safety Code (NESC).
  • View the full release here: https://www.businesswire.com/news/home/20220801005002/en/
    2023 National Electrical Safety Code (NESC) Highlights in Numbers (Photo: Business Wire)
    Just as it has done for more than a century, the NESC is continuously evolving and being refined to embrace new technologies for a more sustainable future.
  • The potential impacts of recent and emerging technologies are reflected in the new Code.
  • IEEE Standards Association (IEEE SA) is a collaborative organization where innovators raise the worlds standards for technology.

Annex II and Forum for Harmful Tax Practices (FHTP) Conclusion

Retrieved on: 
Wednesday, May 4, 2022

HAMILTON, Bermuda, May 4, 2022 /PRNewswire/ -- In November 2021, the OECD's Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.

Key Points: 
  • Following a positive formal decision by OECD Forum for Harmful Tax Practices, Bermuda anticipates removal from EU's Annex II
    HAMILTON, Bermuda, May 4, 2022 /PRNewswire/ -- In November 2021, the OECD's Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance.
  • These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.
  • This confirms that Bermuda has now satisfied the condition imposed by the COCG for removal from Annex II.
  • Consequently, it is the Ministry's expectation that Bermuda will be removed from Annex II in October 2022.

Annex II and Forum for Harmful Tax Practices (FHTP) Conclusion

Retrieved on: 
Wednesday, May 4, 2022

HAMILTON, Bermuda, May 4, 2022 /PRNewswire/ -- In November 2021, the OECD's Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.

Key Points: 
  • Following a positive formal decision by OECD Forum for Harmful Tax Practices, Bermuda anticipates removal from EU's Annex II
    HAMILTON, Bermuda, May 4, 2022 /PRNewswire/ -- In November 2021, the OECD's Forum for Harmful Tax Practices (FHTP) issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance.
  • These exchanges were completed in December 2021, fulfilling the recommendation well in advance of its April 2022 deadline.
  • This confirms that Bermuda has now satisfied the condition imposed by the COCG for removal from Annex II.
  • Consequently, it is the Ministry's expectation that Bermuda will be removed from Annex II in October 2022.

PDA Announces Day 1 Speakers for 2022 Annual Meeting

Retrieved on: 
Tuesday, March 8, 2022

BETHESDA, Md., March 8, 2022 /PRNewswire-PRWeb/ --The Parenteral Drug Association (PDA) announces senior regulatory experts to speak during opening session of the 2022 PDA Annual Meeting, the first full in-person signature event held by PDA since 2019.

Key Points: 
  • BETHESDA, Md., March 8, 2022 /PRNewswire-PRWeb/ --The Parenteral Drug Association (PDA) announces senior regulatory experts to speak during opening session of the 2022 PDA Annual Meeting, the first full in-person signature event held by PDA since 2019.
  • The PDA Annual Meeting takes place at the Hyatt Regency in Dallas, Tx., April 4-6.
  • "As we enter 2022, we are pleased to be returning to live meetings starting with the 2022 PDA Annual Meeting in Dallas," said Susan Schniepp, PDA's volunteer Chair, 2022-2023.
  • Click the links for more information on the 2022 PDA Annual Meeting and [Annex 1 Workshop.

Bermuda Committed to Cooperation and Compliance in Global Tax Standards

Retrieved on: 
Monday, February 28, 2022

Following the European Unions (EU) Code of Conduct Group including Bermuda on the state of play document (Annex II), the Bermuda Business Development Agency (BDA) and its valued partners, notes that Bermuda is committed to cooperation and compliance in relation to global tax standards.

Key Points: 
  • Following the European Unions (EU) Code of Conduct Group including Bermuda on the state of play document (Annex II), the Bermuda Business Development Agency (BDA) and its valued partners, notes that Bermuda is committed to cooperation and compliance in relation to global tax standards.
  • David Hart, BDA CEO, said, Bermuda prides itself on being a blue-chip financial services jurisdiction, particularly around global (re)insurance, and is committed to cooperation and compliance in global tax standards.
  • As a result, Bermuda is an active contributor to the EU, and is a global leader in regulation and technical compliance.
  • Bermuda has been consistently recognised for its transparency and adherence to global tax reporting, AML/ATF, and economic substance compliance requirements.

Leading Fuel and Energy Commodity Price Reporting Agencies Successfully Complete the IOSCO Assurance Review and BMR Assurance Review

Retrieved on: 
Wednesday, January 19, 2022

The 2021 report includes the OPIS and CMM management responses to show how each business satisfies the IOSCO Principles.

Key Points: 
  • The 2021 report includes the OPIS and CMM management responses to show how each business satisfies the IOSCO Principles.
  • Describing the policies, processes and control activities governing the assessment process for the creation of commodity benchmarks.
  • IOSCO finalized its Principles for Oil Price Reporting Agencies in October 2012, which govern the quality, integrity and customer response policies of oil commodity spot market coverage.
  • The IOSCO Principles for Oil Price Reporting Agencies are available here: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD391.pdf
    BMR includes a regime specifically for commodity benchmarks traded on a European trading venue, in Annex II.