Argentina: Automatic public regulatory framework
in short On January 9, 2025, the National Securities Commission (CNV) released the universal resolution number 1047/2025, and established a regulatory framework ("" for automatic public publicity fundraising (""solve"). Except for other aspects, the resolution provides a special public issuance system and automatically authorizes in the following circumstances: Low -influence discount: no more than 1 million UVA (acquisition of value units) for transfer obligations. At the current UVA rate, this amount is ARS 1,311,850,000. There is no need to make a prospectus or the pre -authorization required for CNV. Unqualified investors were not accepted. Medium influence discount: no more than 7 million ultraviolet transfers. At the current UVA rate, this amount is ARS 9,182,950,000. The offer person must apply for the admission of the system and meet certain other requirements. Unqualified investors were not accepted. Auction of negotiating securities: The transferred securities auction of companies shares that does not include the public issuance system. At least one agent registered on…
Stellantis launches new STLA framework to support electric vehicles, hybrid vehicles,
The new architecture also supports up to 14,000 lb (6,350 kg) of towing capacity and 2,700 lb (1,224 kg) of payload go through Brad Anderson November 20, 2024 08:30 The new platform supports the Ram 1500 REV and Ram 1500 Ramcharger. Stellantis says the STLA Frame supports 159 kWh - 200 kWh battery packs. Electric vehicles using the platform can travel up to 500 miles (805 kilometers) on a single charge. Stellantis’ latest multi-energy platform, the STLA framework, has been launched, demonstrating the powertrain flexibility that automakers increasingly need to stay ahead of the curve. Designed to support virtually any vehicle from internal combustion engine (ICE), hybrid, hydrogen, battery electric (BEV) and range extender vehicles, the STLA framework is Stellantis’ response to an industry undergoing rapid technological transformation. The modular platform is the basis for the Ram 1500 REV and Ram 1500 Ramcharger, and is designed for full-size, off-the-shelf pickup trucks and SUVs. According to Stellantis, range extender models using…
Singapore: Shared responsibility framework to be implemented
in short On October 24, 2024, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority of Singapore (IMDA) announced that they will implement a Shared Responsibility Framework (SRF) against phishing scams through a set of guidelines on December 16, 2024. . Under the SRF, financial institutions (FIs) and telecommunications operators (telcos) are given the responsibility to reduce phishing scams. MAS and IMDA expect responsible entities to be liable for any fraud losses resulting from failure to discharge any relevant duties under the "waterfall" approach. MAS and IMDA released a joint consultation paper on the SRF on 25 October 2023 (“consult"), the consultation period will end on 20 December 2023. You can access our previous reminders on the consultation here. Our local Principal Ying Yi Liew and Assistant Joan Choo also contributed to the Singapore Law Gazette (September 2024 July issue) writes an article about who is responsible for fighting fraud and explores the SRF, recent regulatory changes…
EU: New EU third country branch framework
What companies need to know The new EU Capital Requirements Directive (CRD6) establishes a new harmonized and more restrictive framework for cross-border banking and lending in the EU. New third-country branch (TCB) rules will prohibit companies outside the EU from providing certain banking services across borders to the EU except in accordance with limited exemptions. Banks and investment firms that meet the scope requirements may currently rely on national regimes or exemptions to legally access clients in certain member states and will in future be required to open a branch and seek authorization to engage in lending and/or provide guarantees in each member state in which deposits are accepted. /Commitment, unless they can rely on one of the limited pan-EU exemptions provided for in CRD6. Once authorized, a uniform set of minimum compliance requirements will apply to TCB. TCBs do not have their own passporting rights, so companies seeking to operate in multiple member states may need to establish multiple…
New EU sanctions framework targets Russia for ‘destabilizing’
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
International: OECD Inclusive Framework Issue Model
in short On 26 September 2024, the OECD Inclusive Framework published a Model Competent Authority Agreement (MCAA) to assist jurisdictions that have implemented a simplified approach under Amount B to provide tax certainty. The MCAA applies primarily to covered jurisdictions as defined in the June 17, 2024 guidance. However, the OECD noted that Inclusive Framework members could use the MCAA as a model for negotiations with jurisdictions that are not defined as covered jurisdictions. This work stream has been pending since the release of guidance reports in February and June 2024 ("Amount B Guidance”). Thus, with local implementation expected to begin in fiscal years beginning after January 1, 2025, the MCAA brings Subsection B one step closer to completion and political agreement. The MCAA is a six-page document that contains guidance on providing assistance to jurisdictions that have bilateral tax treaties to: Help fulfill political commitments to respect Amount B outcomes without initiating mutual agreement procedures to achieve Amount B…
World ECR | EU unveils new sanctions framework
Home > information > EU unveils new sanctions framework targeting Russia's "destabilizing behavior" The EU announced that it has "established a new framework of restrictive measures to respond to Russia's destabilizing behavior abroad", allowing sanctions to be imposed on individuals and entities involved in threatening the EU's fundamental values, security and integrity. The new framework enables the EU to respond to a wide range of hybrid threats, such as: “Disruption of electoral processes and the functioning of democratic institutions; threats and disruptions to economic activity, public interest services or critical infrastructure; the use of coordinated disinformation, foreign information manipulation and Interference (FIMI); malicious cyber activity, exploitation of immigrants, and other destabilizing activities. Under this framework, designated individuals face asset freezes and travel bans, preventing them from entering or transiting EU territory. EU citizens and companies will be prohibited from providing funds to designated persons. The Council's press release on 8 October noted that this decision is consistent with the Security…
Brazil: Legal framework for low-carbon hydrogen
brief On August 2, 2024, Law No. 2308/2023 (“bill” Bill, which sets the legal framework for low-carbon hydrogen in Brazil, was approved after a partial veto. Numbered Law 14948/2024 (“lawThe law also establishes the competences of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to authorize, regulate and inspect activities in the low-carbon hydrogen value chain and creates the Brazilian Hydrogen Certification System (SBCH) and the Special Incentive System for the Production of Low-Carbon Hydrogen (“Rehydrogen“), a tax system aimed at promoting technological and industrial development, competitiveness and added value of the national production chain. The bill originated in the House of Representatives and was approved in November 2023. In the Senate, the bill went through 45 amendments and intense debate. The bill was approved in the Senate in July 2024 and then sent back to the House of Representatives for final re-examination, where it was approved and sent to the President for approval in July 2024. The…
Brazil: Legal framework for low-carbon hydrogen
brief On August 2, 2024, Law No. 2308/2023 (“bill” Bill, which sets the legal framework for low-carbon hydrogen in Brazil, was approved after a partial veto. Numbered Law 14948/2024 (“lawThe law also establishes the competences of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to authorize, regulate and inspect activities in the low-carbon hydrogen value chain and creates the Brazilian Hydrogen Certification System (SBCH) and the Special Incentive System for the Production of Low-Carbon Hydrogen (“Rehydrogen“), a tax system aimed at promoting technological and industrial development, competitiveness and added value of the national production chain. The bill originated in the House of Representatives and was approved in November 2023. In the Senate, the bill went through 45 amendments and intense debate. The bill was approved in the Senate in July 2024 and then sent back to the House of Representatives for final re-examination, where it was approved and sent to the President for approval in July 2024. The…
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