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On 4 March 2022, the Cyber Security Agency of Singapore (CSA) announced two initiatives intended to address the impact of increased cybersecurity vulnerabilities and the rise of new sectors of the digital economy.
Beginning on April 11, 2022, providers that failed to satisfy Provider Relief Fund (PRF) Period 1 or Period 2 reporting deadlines may apply to submit a late report based on one of six extenuating circumstances, including miscommunication and illness. This announcement comes after the Health Resources and Services Administration (HRSA) notified thousands of recipients in March 2022 that they had to return non-compliant funds, which prompted the American Medical Association, Medical Group Management Association and other provider organizations to strongly urge additional reporting time in a March 31, 2022, letter to HRSA.
On 7 April 2022, the Dubai Financial Services Authority (DFSA) introduced a new whistleblowing regime (the Regime). The Regime has significant parallels with that enforced in the United Kingdom by the Financial Conduct Authority (FCA), although certain of the more advanced requirements incorporated into the FCA’s regime are yet to be introduced by the DFSA.
On April 21, 2022, the Cal/OSHA Standards Board approved the Third Readoption of the ETS. Per Governor Newsom’s Executive Order N-23-21, the Third Readoption will be effective upon filing by the Office of Administrative Law (OAL) with the Secretary of State and will remain in effect for no longer than December 31, 2022. The Second Readoption is set to expire in May 5, 2022, and it is expected that the Third Readoption will be filed and become effective on or around that date. Employers in California should update their COVID-19 ETS policies to ensure continued compliance with Cal/OSHA’s changes in the Third Readoption, which are summarized in the article below.
The Centers for Medicare & Medicaid Services (CMS) recently published detailed databases summarizing changes of ownership of Medicare-enrolled hospitals and skilled nursing facilities (SNFs). The databases currently include information from 2016 to 2022, but the data will be updated and released quarterly.
If anyone believed that the US Securities and Exchange Commission’s (SEC) release of proposed climate change-related disclosure requirements last month might have been an isolated matter, of immediate importance only to the approximately 110 insurers that are SEC registrants, developments during the past month paint a different picture. In early April, state insurance regulators in favor of requiring insurers to provide climate risk disclosure in line with the SEC’s direction achieved only partial success; however, last week, Connecticut joined New York by proposing a comprehensive climate change regulatory framework for insurers.
On May 18, 2022, the U.S. Court of Appeals for the Fifth Circuit issued its decision in Jarkesy v. Securities and Exchange Comm’n, in which it examined the constitutionality of an agency civil money penalty enforcement proceeding.
On May 13, 2022, the U.S. Treasury (“Treasury”) released its 2022 Strategy for Combatting Terrorist and Other Illicit Financing (“2022 Strategy”). The proposed 2022 Strategy, prepared pursuant to Sections 261 and 262 of the Countering America’s Adversaries Through Sanctions Act (CAATSA), outlines four goals to address the key risks identified by the 2022 National Money Laundering, Terrorist Financing, and Proliferation Financing Risk Assessments:
Following consumer trends and fueled by the pandemic and related loosening of restrictions on in-state retailer alcohol delivery regulations, the marketplace for alcohol delivery services has expanded exponentially over the last several years and shows no signs of slowing down.
On 1 August 2022, the Act implementing the EU Directive on Transparent and Predictable Working Conditions (the Act) likely will enter into force, as EU Member States have until that date to implement the directive into their own national laws.
On March 21, 2022, the U.S. District Court for the Eastern District of Tennessee invalidated Notice 2016-66 for failing to comply with the Administrative Procedure Act (APA) and granted broad injunctive relief requiring the IRS to return to taxpayers and material advisors the documents and information obtained improperly under the Notice.
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