Malaysia: Public consultation on proposed climate changes
in short Malaysia is expected to establish a comprehensive framework to regulate, implement and enforce actions/initiatives aimed at steering a low-carbon economy. The Department of Natural Resources and Environmental Sustainability (NRES) is leading the development of the proposals for the Climate Change Bill and is publishing a consultation document to solicit views and feedback. The introduction of the Climate Change Bill is the result of Malaysia's determination to fulfill its commitments under the Paris Agreement and to reduce Malaysia's greenhouse gas emissions. Malaysia currently has no specific legislation addressing climate change. NRES is mandated to spearhead the enactment of legislation that aims to address all issues related to climate change and strengthen Malaysia’s climate change governance at the international and domestic levels. As part of the process of developing and drafting the Climate Change Bill, NRES is seeking public input and feedback to ensure the legislation comprehensively addresses relevant issues and is proportionate to the outcomes and outcomes. You can…
Malaysia: Public Consultation – Draft Code of Conduct (Best
in short The Malaysian Communications and Multimedia Commission (MCMC) has announced that it is conducting a public consultation on the draft Code of Conduct (Best Practices) for Internet Messaging Service Providers and Social Media Service Providers ("draft code of conduct"). The purpose of the public consultation is to gather public views on a draft code of conduct that outlines best practices for application service provider category license holders providing internet messaging and social media services in Malaysia to address harmful online content. and other related behavioral requirements. The deadline for submitting comments to MCMC is November 5, 2024 5:00 pm. Click here to read the full alert. ** ** ** ** Senior associate Karine Chaw contributed to this legal update. © 2024 Huang Law Firm. all rights reserved. Wong & Partners is a member of Baker McKenzie International. In some jurisdictions, this may be considered "attorney advertising" requiring notice. Previous results do not guarantee similar results. author Zhou Yingzhou Kherk…
Singapore: Monetary Authority issues consultation paper on proposals
in short On October 4, 2024, the Monetary Authority of Singapore (MAS) published proposed regulatory approaches, regulations, notices and guidance for digital token service providers under the Financial Services and Markets Act 2022 (P010-2024). Consultation Paper ("Consultation document"). The consultation paper includes a number of annexes setting out MAS’s proposed new regulatory framework for digital token service providers (DTSPs), which will be regulated under Part 9 of the Financial Services and Markets Act 2022 (FSMA). MAS' key recommendations on the new regulatory framework for DTSPs revolve around licensing requirements, anti-money laundering and combating the financing of terrorism (AML/CFT) compliance, financial obligations and governance requirements. We've provided more details on each area below. We anticipate that this consultation paper will be of most interest to DTSPs who are not currently licensed and may wish to be regulated under Part 9 of FSMA. If you have any feedback or comments on the proposals related to the new regulatory framework for DTSP, please…
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