POLICIES & REGULATIONS

The European Commission has published a draft Regulation intending to develop an electronic interface for the exchange of data between Member States’ national customs systems and the EU’s information and Communication System for Market Surveillance (ICSMS). It is noted that this electronic interface is a requirement under the EU Market Surveillance Regulation (2019/1020), More

President Biden announced recently several national and international steps designed to address on-going global supply chain problems. These measures follow others being taken at the federal and state levels in the U.S. More

On 12 October 2021, the Official Journal of the EU published the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, otherwise also known as the EU tax havens blacklist. The document lists Hong Kong as one of nine countries with harmful tax regimes in its Annex II, the so-called grey list or watch list. The government of the Hong Kong Special Administrative Region (“HKSAR”) has committed to amend the Inland Revenue Ordinance accordingly. More

The UK Government has announced that it will give businesses more time to adapt to the introduction of the new UK Conformity Assessment marking (the “UKCA”) which replaces the EU’s mandatory CE marking following the UK’s withdrawal from the EU. Initially, the UK government had announced that products sold in Great Britain which previously had to bear the EU’s CE marking, would need to carry the new UKCA marking from 1 January 2022. More