BERLIN—Germany’s Federal Environmental Agency (UBA) has been assigned to evaluate the risks posed by bisphenol A after nominating the chemical for review by the European Union, according to UBA officials.
GENEVA—Parties to the World Trade Organization’s Government Procurement Agreement formally adopted March 30 a revised version of the pact, as well as additional market access commitments from signatories that proponents claim will result in new global procurement opportunities of at least $80 billion per year.
BRICS Leaders Agree to Boost Trade in Their Own Currencies, Set up New Development Bank for Poor Nations
NEW DELHI—The group of five emerging economies—Brazil, Russia, India, China and South Africa (BRICS)—agreed at a summit March 29 to move toward setting up a new development bank for poor nations as an alternative to the World Bank and to boost trade in their own currencies.
Ireland’s Minister for Finance has approved in principle the development of legislative proposals for a new corporate structure for the funds industry (“SICAV”). The proposals for the SICAV legislation are aimed at developing the funds industry in Ireland and promoting employment and business opportunities in the country.
The Reserve Bank of India (“RBI”), with RBI/2011-12/452/A.P. (DIR Series) Circular No. 93 dated March 19, 2012 (“Circular”), has allowed Securities and Exchange Board of India (“SEBI”) registered foreign venture capital investors (“FVCIs”) to invest in eligible securities (equities, equity linked instruments, debt, debt instruments, debentures of a venture capital undertaking or a venture capital fund, and units of schemes/funds set up by a venture capital fund) by way of private arrangement or purchase from a third party.
On March 7, 2012, the Canadian Radio-television Telecommunications Commission (CRTC) quietly registered its Electronic Commerce Protection Regulations (CRTC regulations) under legislation now widely, but still informally, known as Canada’s anti-spam law. The CRTC regulations — which were issued in final form without provision for further public consultation — are one of two sets of regulations, the other being those of Industry Canada (IC), which are preconditions to the implementation of the anti-spam law, which was originally adopted in December 2010 but is not yet in force. …