There is no Europe - wide regulation in place specific to crowdfunding websites and the United States is in the process
of drafting rules that would govern the sector.
Two days prior to the release
of the draft rules, Didi Kuaidi earned a car - hailing license in Shanghai, which is believed to be the first ever awarded license from a municipal level.
The American Chemistry Council issued the following statement in response to publication by the Environmental Protection Agency (EPA)
of the draft rule for EPA to designate chemical substances on the Toxic Substances Control Act (TSCA) Chemical Substance Inventory as either «active» or «inactive» in U.S. commerce, as required by the Frank R. Lautenberg Chemical Safety for the 21st Century Act (LCSA).
At DOT, we analyze the costs and benefits for all of our rulemakings to ensure that potential impacts
of draft rules on small entities will be properly considered, and, where possible, we try to alleviate any disproportionate regulatory burden on small entities.
Three days later Obama opted to sit out of the formal unveiling
of the draft rule at EPA's headquarters in D.C. on Monday morning, and instead took part in a conference call that afternoon hosted by the American Lung Association.
The principle
of the draft rules is that they should apply readily to low - cost, high - volume disputes, so they should be simple and accessible and allow... [more]
Rosemary Martin, Group General Counsel & Company Secretary, Vodafone Group, UK and Chair of the GC100, an organisation which did much to prompt the review of the rules on disclosure, said on the launch
of the draft rule: «The GC100 members are delighted that the Working Group has taken the task of revising the disclosure rules so seriously and with a much more radical attitude than many were expecting.
As for the rest of paragraph 1
of the draft rules, since four different proposals remain on the table, some of which deal with the somewhat complex two - track system we addressed in previous posts, needless to say that it does not correspond to the idea of clearly drafted, simple, rules.
We could spend page after page going through every problematic idea, phrase, and comma within the rules, but the very fact that the delegates present at the last session could not agree on the meaning or reach
of the draft rules seems sufficient to substantiate our argument that the rules were too complex.
In fact, as it is currently written, paragraph 1
of the draft rules goes far beyond «cross-border, low - value transactions».
Not exact matches
In July 2011, the agency published a
draft of proposed
rules for medical app developers and posted it online so the public could comment on it.
Though early
drafts of the Senate bill called for the Fed to adopt
rules - based monetary policy, this ended up being stripped from the final proposal due to Democratic opposition - largely because much
of the Hill focus has been on the Taylor
rule, which many Fed advocates fear is too restricting.
The news comes just weeks after federal officials
drafted an interim final
rule to roll back an Obamacare mandate that religious employers cover birth control as part
of health insurance plans.
But that call for a review was significantly weaker than an earlier
draft, seen by Reuters, that requested a 180 - day delay in the scheduled April 10 effective date
of the
rule, which is already on the books.
It took seven years and a lawsuit before the Bush SBA
drafted rules that would set aside contracts for women - owned firms — in just four
of 140 potential industries.
U.S. lawmakers are close to delivering a
draft of the Federal Aviation Authority's reauthorization bill, which will include
rules for nonmilitary drones, and drone opponents are lobbying hard against the unmanned flying machines, The New York Times reports.
The gradual removal
of those ownership limits was first announced in November, when an official said the move would take effect immediately following the
drafting of related
rules.
Late Monday, House
Rules Committee Chairman Pete Sessions (R - Texas) pushed through a measure blocking section 528
of the bill, H.R. 4909 — which requires women to register for the
draft — from being included in the version that will be sent to the House floor.
On Monday, the FDIC approved a
draft rule that would require large financial institutions to hold a minimum
of half
of senior executives» bonuses for at least three years.
In the next 12 months, self - driving cars will take big strides: California will
draft the first set
of consumer
rules for autonomous driving, and GM plans to launch hands - free driving capabilities called «Super Cruise.»
Reuters has reported the
draft would assert that a 1975 law bars California from imposing its own state emissions
rules, as it has long done nonetheless under a series
of Clean Air Act waivers.
Several lobbyists and outside experts theorized that the waiting period had been excluded from the initial
draft of the Senate's health care bill because
of concerns about the «Byrd
Rule.»
Uber and other ride - sharing services in China are bracing up for new
draft rules issued by the nation's Ministry
of Transport.
If parliament gives its nod, Greek voters will be asked to
rule on two complex
draft documents that detail a proposal by the country's creditors to unlock aid
of as much as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.
A White House official said the document, titled «
Draft Conflict
of Interest
Rule For Retirement Savings,» shouldn't be seen as a new turn in the Labor Department's rulemaking.
President Obama first signed an executive order requiring federal contractors to provide paid sick leave last September, and the Labor Department unveiled a
draft of the
rule in February, after which it solicited public comments.
Last year, the SEC presented
draft rules that would restrict the use
of derivatives, which was seen crimping some fund managers» ability to keep highly leveraged products on the market.
Furman and Betsey Stevenson, another council member, provide what they describe as «evidence» that proves DOL's
draft «Conflict
of Interest
Rule for Retirement Savings,» which seeks to broaden the definition
of who is a fiduciary under the Employee Retirement Income Security Act, is sorely needed.
It's incredibly encouraging that the U.S. government appears up to the task with Superintendent Ben Lawsky
of the New York State Department
of Financial Services leading the way by maintaining an open dialogue and recently,
drafting the first proposal
of BitLicense, a set
of rules that aim to bring clarity to how government officials and businesses deal with cryptocurrencies.
New
draft rules from China's Ministry
of Transport could bring in tighter measures which companies offering ride - sharing services should strictly adhere to.
As a result, Eric Hatfield, from RIA Hatfield Insurance and Financial Services in Sherman Oaks, California, said his firm now will not adapt the paperwork that its outside law firm had
drafted to be used when the DOL
rule takes effect but will continue to work on behalf
of the best interests
of its clients as always.
Also excluded from the final memorandum, but included in the
draft, was a specific order for the DOL to analyze prohibited transaction exemptions, which were an integral part
of the
rule, and to consult with DOJ about whether the fiduciary
rule violates the «Administrative Procedure Act or any other applicable statute.»
«We are in close communications with local regulators, and will... follow the spirit
of the
draft regulation, comply with all requirements, and continuously partner with local governments in implementing the new set
of rules,» said Uber.
After declaring that 2014 will be the year that the SEC decides whether to move ahead with a
rule to put brokers under a fiduciary mandate, Mary Jo White directed SEC staff to compile a list
of «all
of the potential options» available to the agency that could be used in
drafting a fiduciary
rule.
The
draft order to Labor included a directive to halt the
rule's implementation by 180 days, but that provision was left out
of the final order.
By the time the final version
of the memorandum was released later Friday afternoon, however, there was no mention
of a time frame or a directive for the DOL to work with the Justice Department to halt pending litigation over the
rule, which was also included in the
draft order.
Apart from a number
of rules that were already issued, the National Tax Service (NTS) is currently
drafting a framework on how to effectively collect taxes on cryptocurrency trading transactions.
Referring to a
draft article co-authored by Gallagher which suggests that proposals
drafted by Harvard Law School's Shareholder Rights Project may constitute a violation
of SEC
rules, Minow quotes Columbia law professor Robert Jackson, who wrote, «It is wildly inappropriate for a sitting SEC commissioner to issue a law review paper accusing a private party
of violating federal securities law without any investigation or due process
of any kind.
A group
of lawmakers led by a politician from Korea's
ruling political party is
drafting a bill to legalize the launch
of new cryptocurrencies and ICOs in the country.
As far as how bitcoin is perceived in the financial world, the majority
of nations that have
drafted rules and regulations view bitcoin as a financial instrument similar to gold or stocks.
But International Emissions Trading Association raises concerns over lack
of clarity in the
draft Clean Air
Rule
In December 2015, Chinese regulators released a
draft of new
rules for Chinese P2P lending platforms.
The 2014 deliverables included reports on the digital economy and harmful tax practices, as well as
draft rules on treaty abuse and the transfer pricing
of intangibles.
«If they conduct a fair review
of the
rule based on the core principles and criteria identified in the presidential memorandum, the only reasonable outcome will be to allow the
rule to move forward as
drafted.»
Analysis does not reflect potential impact
of recent
draft rule to regulate carbon emissions under Section 111 (d).
Even
rules, like changing and how we can manage timing
of issues around the
draft.»
He counsels on and
drafts social media policies, guidelines and «
rules of the road», and advises on regulatory, intellectual property and publisher liability (e.g., defamation) issues associated with social media.
Supporting her and her
ruling Socialist party is a network
of deconstructionist think tanks (like the ominously named Terra Nova) that
draft white papers about how to purge machismo, heterosexism, Eurocentrism, and nostalgia wherever such toxins may lurk.
But where the study, for instance, only hinted at normalization, the
draft forges ahead with a strong bias toward full acceptance
of gay unions, explicitly
ruling out the traditional opposition
of the church toward homoerotic behavior.
Only two months before the election, the Jordanian Parliament introduced
draft legislation for new
rules of governance for the Greek Orthodox Patriarchate
of Jerusalem.