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To provide greater clarity on the existing misconduct reporting requirements for representatives and broking staff, and enhance standards of investigations on misconduct, MAS will be revising the misconduct reporting regime. Further, to standardise industry practices on due diligence conducted on prospective representatives and broking staff, MAS will be mandating financial institutions to perform and respond to reference check requests, with a list of baseline mandatory information that must be obtained or provided in the reference check.

The Department of Labor and Employment (DOLE) and the Employment Compensation Commission (ECC) recently issued two separate guidelines (collectively, the “Issuances”) in connection with COVID-19. The Issuances provide guidance to covered employers and employees regarding the promotion of COVID-19 vaccination in the private sector as well as the classification of COVID-19 as an occupational and work-related disease.

Mental well-being is the foundation of a healthy life, which can be manifested in a number of ways, including the ability to cope with stress, productivity at work and participation in society in general. The importance of mental health cannot be undermined if an individual or organization is to thrive. Mental health well-being in the workplace has increasingly become a consideration for employers when it comes to ensuring long-term engagement and productivity among their workforce.

In Commonwealth Director of Public Prosecutions v Citigroup Global Markets Australia Pty Ltd [2021] FCA 511, the Federal Court has handed down an important decision which highlights the dilemma that may be faced by an immunity applicant in complying with its duty to provide full, frank and truthful disclosure and to co-operate under the ACCC’s Immunity and Cooperation Policy for Cartel Conduct (ACCC Policy) and maintaining legal professional privilege over witness accounts provided to solicitors at an early stage in an investigation.

On 5 May 2021, the federal government announced its intention to make amendments to the National Greenhouse and Energy Reporting Regulations 2008 (the NGER Regulations) and National Greenhouse and Energy Reporting (Measurement) Determination 2008 (the Measurement Determination). The NGER Regulations outline the requirements for reporting entities under the NGER scheme and the Measurement Determination provides methods for estimating GHG emissions and the production and consumption of energy.

In a recent press release, the Securities and Futures Commission published details, FAQs, and application forms for the new grant scheme to subsidise the expenses incurred by Open-ended Fund Companies successfully incorporated in, or re-domiciled to, Hong Kong.