Hungary Pledges Action on Climate Treaty, Emissions Cuts During Term as EU President

BRUSSELS—Hungary will push for an international climate agreement and a more ambitious greenhouse gas emissions reduction target for the European Union during its six-month term as president of the Council of the European Union, said Tamás Fellegi, the country’s minister for national development, Jan. 26.

European Commission Publishes Guidance on Applying for Exemption to REACH Ban

BRUSSELS—The European Commission Jan. 28 published long-awaited technical guidance on how users of chemicals can apply for exemptions to substance bans imposed under the European Union’s REACH law.

U.S. SEC Adopts ‘Say-on-Pay’ Requirements, Proposes ‘Accredited Investor’ Amendment

A divided Securities and Exchange Commission Jan. 25 voted 3-2 to adopt a new rule to implement provisions in the financial reform legislation that provide shareholders with advisory votes on executive compensation and on so-called “golden parachute” pay arrangements.

Russian Regulator Issues Guidance on Implementation of New Insider Trading Law

MOSCOW—Russia’s securities regulator has issued guidance on implementation of Russia’s new legislation designed to combat market manipulation and insider trading.

ANALYSIS: The EU Article 29 Data Protection Working Party’s Most Recent Guidance on Applicable Law

On December 16, 2010, the EU Article 29 Data Protection Working Party adopted Opinion 8/2010 on the territorial application of EU Data Protection Directive 95/46/EC and the national data protection laws transposing the Directive.

Swiss Court Orders Former Banker Held over Leak of Client Account Information

GENEVA—A Swiss court has ordered a former banker to be held in jail while prosecutors prepare charges over the release of secret account details to the WikiLeaks website.