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Foreign Legislation

Information about Foreign Legislation and notifications

Securities and Futures
Foreign LegislationLegislation Updates

Monetary Authority of Singapore introduces new Regulations under Securities and Futures Act for Corporate Governance of approved entities

The Regulations define components relevant to the corporate governance regulation of Approved Exchanges, Clearing Houses, Licensed Trade Repositories, and Holding Companies considering security futures.

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Published on May 1, 2024May 1, 2024By Editor
Leave a comment1983 views
Public Interest Guidelines South Africa
Foreign LegislationLegislation Updates

Competition Commission of South Africa revises its Public Interest Guidelines relating to merger control

Guided by the Competition Amendment Act, 2018, the revised Guidelines present the general methodology the Commission will follow in assessing Public Interest issues in merger analyses.

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Published on April 27, 2024May 2, 2024By Editor
2 Comments1825 views
Non-competes FTC
Foreign LegislationLegislation Updates

FTC issues final rule banning non-competes across the US; Finds them to be violative of S.5 of the FTC Act

The Commission determined that it is an unfair method of competition, for employers to enter into non-competes with workers and therefore a violation of Section 5 of the FTC Act.

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Published on April 26, 2024May 2, 2024By Editor
Leave a comment1859 views
US Department of Labor
Foreign LegislationLegislation Updates

US Department of Labor finalises rule to revise compensation thresholds for overtime eligibility

The Rule updates the present annual salary threshold from $35,568 to $58,656 by 01 January 2025

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Published on April 25, 2024April 25, 2024By Editor
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CBUAE Sanadak UAE's first Financial and Insurance Ombudsman
Foreign LegislationLegislation Updates

Central Bank of UAE launches ‘Sanadak’, UAE’s first Financial & Insurance Ombudsman

Sanadak is the first Ombudsman Unit both in the UAE and the MENA region, catering to consumers of Financial Institutions and Licensed Insurance Companies.

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Published on April 22, 2024April 22, 2024By Sucheta
1 Comment2225 views
Artificial Intelligence Act European Parliament AI
Foreign LegislationLegislation Updates

EU adopts Artificial Intelligence Act which lays down harmonised rules to regulate AI

In a pioneering step, the European Parliament on 13-03-2024, adopted 459-pages long Regulation drafted to ensure safety, compliance with fundamental rights and boost innovation.

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Published on March 18, 2024March 18, 2024By Sucheta
Leave a comment2519 views
Right to Abortion French Senate
Foreign LegislationLegislation Updates

Right to Abortion | French Senate votes in favour of enshrining Freedom of Women to Voluntarily Terminate Pregnancy in the French Constitution

The aim to enshrine the right to abortion in the French Constitution which gained impetus after SCOTUS overruled Roe v. Wade in 2022 was finally fulfilled with 780 MPs favouring the inclusion.

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Published on March 6, 2024March 6, 2024By Sucheta
Leave a comment2223 views
Foreign LegislationLegislation Updates

EU passes proposal to Regulate Artificial Intelligence

The Member of European Parliament adopted the EU’s AI Act with 499 votes in favour.

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Published on June 19, 2023June 23, 2023By Editor
Leave a comment3516 views
texas senate bill
Foreign LegislationLegislation Updates

Texas Senate Bill- 1070 introducing a Private Sector Data System to identify voters, passed by the House of Representatives

The House of Representatives for the State of Texas on 23-05-2023 passed SB-1070 amending Section 18.062 of the Election Code. Under new

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Published on May 26, 2023May 26, 2023By Sucheta
1 Comment2068 views
ai in hiring and promotion
Foreign LegislationLegislation Updates

NYC adopts Final Regulations on Use of AI in Hiring and Promotion

The New York City Department of Consumer and Worker Protection (DCWP) adopted its Final Rule to implement Local Law 144, which regulates

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Published on April 25, 2023April 25, 2023By Bhumika Indulia
Leave a comment2525 views
Michigan Repeals Right to Work Law
Foreign LegislationLegislation Updates

Michigan Repeals Right to Work Law

On 24-03-2023, Michigan Governor Gretchen Whitmer signed the Bill for repealing the law on “right to work” which allowed workers to opt

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Published on April 3, 2023April 4, 2023By Bhumika Indulia
Leave a comment2302 views
AI generated works copyright
Foreign LegislationLegislation Updates

U.S. Copyright Office Issues Guidelines for AI- Generated Work

On 16-03-2023, the Copyright office (office) has issued the guidelines for Copyright Registration for AI Generated Material to elucidate its practices for

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Published on March 28, 2023March 28, 2023By Editor
Leave a comment2806 views
Foreign LegislationLegislation Updates

Switzerland adopts Ordinance on Climate Disclosures

Switzerland has adopted an Ordinance on Climate Disclosures. The Ordinance governs disclosures on climate issues by companies in accordance with Article 964a

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Published on December 3, 2022December 2, 2022By Bhumika Indulia
Leave a comment1919 views
Foreign LegislationLegislation Updates

South Africa declares crypto as financial product vide Financial Advisory and Intermediary Services Act, 2022

On 19-10-2022, the Financial Sector Conduct Authority has declared crypto asset as a financial product under paragraph (h) of the definition of

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Published on October 20, 2022By Bhumika Indulia
Leave a comment1756 views
Foreign LegislationLegislation Updates

US- California | Governor signs law of mandatory bereavement leave

    On 29-09-2022, Governor Newsom signed AB 1949, which creates protected bereavement leave under the California Family Rights Act (CFRA). As

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Published on October 12, 2022By Bhumika Indulia
Leave a comment2162 views
Foreign LegislationLegislation Updates

US- Minnesota legalises usage of Edible cannabinoid products

The Governor of Minnesota has assented to the bill based on sale of certain Cannabinoid Products under Section 151.72., making it a

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Published on August 24, 2022By Bhumika Indulia
Leave a comment1451 views
Foreign LegislationLegislation Updates

US President signs Inflation Reduction Act, 2022

On 16th August, 2022,  the Inflation Reduction Act, 2022 was signed by the President of USA. The Act includes law over climate,

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Published on August 19, 2022August 19, 2022By Bhumika Indulia
Leave a comment1924 views
Foreign LegislationLegislation Updates

US-Colorado| Wage Theft Bill receives Governor’s assent

The Colorado’s Governor gives assent to the Wage Theft Bill thereby making it a law On 9th June, 2022 Colorado’s Governor signed

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Published on August 17, 2022August 18, 2022By Editor
Leave a comment2264 views
Foreign LegislationLegislation Updates

Governor of Massachusetts signs the Crown Act and makes hair discrimination illegal

    Governor of Massachusetts approves the Crown Act CROWN ACT which stands for Creating a Respectful and Open World for Natural

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Published on August 17, 2022August 16, 2022By Bhumika Indulia
Leave a comment1865 views
Foreign LegislationLegislation Updates

US – Colorado| Colorado expands notice requirement for Unemployment Benefits upon termination

The Senate Bill 22-234 has received the assent of Governor. The legislation is intended to update the notice requirements regarding unemployment insurance

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Published on July 8, 2022July 8, 2022By Editor
Leave a comment2404 views

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