The European Union said recently it will push back by another year the entry into force of its sweeping anti-deforestation law, citing capacity problems with the IT system designed to support the rules. The law, hailed by green groups as a breakthrough but fiercely opposed by several trading partners, had already been delayed once before.
Italy’s competition watchdog has slapped some of the country’s biggest oil companies with fines totaling more than €936 million after uncovering a cartel that rigged the price of fuel components for over three years.
Indonesia’s competition watchdog has handed TikTok a 15 billion rupiah (about $1.15 million) fine after the company failed to promptly report its takeover of Tokopedia, the country’s largest e-commerce platform, Reuters first reported.
For nearly two weeks in late 2023, some UK business customers of Vonage picked up their desk phones and discovered they couldn’t dial 999. Today, Ofcom confirmed that lapse will cost the communications provider £700,000.
The Federal Energy Regulatory Commission (FERC) has been busy. In just two weeks, the agency authorized natural gas expansions in Pennsylvania, issued hydropower licenses across New Hampshire and Minnesota, advanced LNG projects along the Gulf Coast, and sharpened cybersecurity rules for the bulk power system — all while defending its decisions in court and auditing some of the nation’s largest utilities.
For years, Malta’s beneficial ownership reporting regime has kept a watchful eye on professional trustees. Now, the net has widened. Private trustees, the individuals who quietly manage trusts outside of a professional setup, are being pulled into the same regulatory framework, with new obligations that promise to shake up how transparency in the sector is enforced.
California has finalized a new set of privacy regulations that expand requirements for cybersecurity audits, risk assessments, and the use of automated decisionmaking technology (ADMT). The California Privacy Protection Agency (CPPA) confirmed on September 23 that the Office of Administrative Law has approved the rules, concluding years of debate and public input.