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North Dakota law heightens data security requirements for some financial institutions
Background
On January 7, 2025, North Dakota’s House Industry, Business, and Labor Committee introduced HB 1127, at the request of the Department of Financial Institutions. HB 1127 successfully passed through both legislative chambers and was signed into law by the Governor on April 11, 2025. This new law focuses on data security requirements for certain…
EBA key indicators on climate risk in the EU/EEA banking sector
Mitigating Project Company risk under a PPA through the pass-through principle
By CJ Grey & Rory Scott
It is a tender requirement under the South African Independent Power Producer Procurement Programmes (Wind, Solar, Battery Energy Storage, and Gas) that Independent Power Producers (IPPs) are obliged to enter into non-negotiable project agreements, including (1) a long-term Power Purchase Agreement (PPA) between the IPP (as seller), and Eskom (as buyer); (2) an Implementation Agreement…
A brief plain language FSCA notice
For someone who regularly pleads for succinct plain language laws, the FSCA Communication of the draft exemption of retail funds from the requirements of section 14(1) of the Pension Funds Act needs to be highlighted as achieving this requirement.
The brief draft exemption and the communication that goes with it uses plain language and short sentences,…
Product Liability Insurance and Installation of Defective Panels (Australia)
The owners of a building in which aluminium composite panels were installed is seeking compensation for loss or damage arising from the manufacturer supplier of those panels including the costs of removing the panels and remediating damage caused by affixing the panels to the building.
In this judgment the question was whether the insurer’s policy…
Fed Proposes to Amend Stress Capital Buffer Requirement
The Federal Reserve Board (“Fed”) proposed “[to] amend the calculation of the Board’s stress capital buffer requirement.”
The full update can be found here on our US Regulatory Intelligence platform.
OMB Directs Independent Agencies to Submit Rules for White House Review
The Office of Management and Budget (“OMB”) provided “initial implementation guidance” for regulatory agencies to comply with President Trump’s Executive Order “Ensuring Accountability for All Agencies.”
The full update can be found here on our US Regulatory Intelligence platform.
A is for Africa: Embracing the AI Revolution
On April 4, 2025, representatives from 52 African countries gathered in Kigali, Rwanda, for the Global AI Summit for Africa. This historic event marked the signing of the Africa Declaration on Artificial Intelligence (the Declaration), a significant step forward for the continent in embracing the AI revolution. Despite public scepticism of superintelligence, African nations are…
Pet food regulations in the United States: AAFCO model rules update
Building on our last article in this series, specific to AAFCO and what it does, here we discuss AAFCO’s recent updates to its official publication and model bills and regulations.
In the Summer of 2023, AAFCO approved new suggested labeling guidelines that include standardized nutrition information, more systemized ingredient statements and storage and handling instructions.…