Compliance Resources to Help you Stay Current

Clause 49 of the Listing Agreement to the Indian Stock Exchange was added to the original agreement in 2000 by the Securities Exchange Board of India (SEBI). The clause was created to improve corporate governance of all companies listed in all Indian stock exchanges including the NSE and BSE. The clause was revised and SEBI issued the new guidelines in October 2004.

South Korean medical device manufacturer Sometech Inc. has been sent a warning letter by the FDA on April 6, 2011, for inadequate, non-compliant CAPA, customer complaint handling and design documentation procedures, among other violations.

More than three decades after sunscreen labeling requirements were first introduced, the FDA announced these updates that will boost its efforts to ensure that sunscreens “meet modern-day standards for safety and effectiveness”. The previous labeling used in OTC sunscreens dealt almost exclusively with protection against sunburns caused primarily by ultraviolet B (UVB) radiation from the sun. The labels did not address the more dangerous ultraviolet A (UVA) radiation which contributes to skin cancer and early skin ageing.

The Federal Meat Inspection Act of 1906 (FMIA) was a United States Congress Act that worked to prevent adulterated or misbranded meat and meat products from being sold as food and to ensure that meat and meat products are slaughtered and processed under sanitary conditions. The USDA's Food Safety and Inspection Service (FSIS) is responsible for developing rules and regulations for the production of wholesome and safe foods and providing regulatory oversight during day-to-day production.

The Egg Products Inspection Act was passed by the U.S Congress in December, 1970. The Act is administered by the U.S. Department of Agriculture and imposes specific inspection requirements for two categories of eggs, namely, egg products and shell eggs. This article explains the requirements of this act, egg categorization and classification requirements.

The Community Reinvestment Act of 1977 (CRA) provides a framework for financial institutions, state and local governments, and community organizations to jointly promote banking services to all members of a community. The act prohibits redlining and encourages efforts to meet the credit needs of all community members, especially those from the lower economic stratum.

The Regulation of Investigatory Powers Act 2000 (RIP or RIPA) is an Act of the Parliament of the United Kingdom, regulating the powers of public bodies to carry out surveillance and investigation, and cover-ing the interception of communications. It was introduced to take account of technological change such as the growth of the Internet and strong encryption.

ISO 22000 is an international standard that defines the requirements of a food safety management system covering all organizations in the food chain from “farm to fork”. Since it is a generic food safety management standard, it can be used by any organization directly or indirectly involved in the food chain. It applies to all organizations in the food chain.

The European General Product Safety Directive (2001/95/EC) directive covers nearly all products sold in the European Union. It places responsibility on suppliers of consumer goods to make sure their products are safe for normal and foreseeable use. The directive also requires producers to supply consumers with relevant information that enables them to assess the risks inherent in that product.

The Children's Online Privacy Protection Act of 1998 (COPPA) is a United States federal law that applies to the online collection of personal information by persons or entities under U.S. jurisdiction from children under 13 years of age. It details what a website operator must include in a privacy policy, when and how to seek verifiable consent from a parent or guardian, and what responsibilities an operator has to protect children's privacy and safety online including restrictions on marketing to those under 13.

A Multilateral Export Control Regime (MECR) is an international body that states use to organize their national export control systems. There are currently four regimes: The Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies, The Nuclear Suppliers Group (NSG) for the control of nuclear related technology, The Australia Group (AG) for control of chemical and biological technology that could be weaponized and The Missile Technology Control Regime for the control of rockets and other aerial vehicles capable of delivering weapons of mass destruction.

The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010. The Act, which was passed as a response to the late-2000s recession, represents a significant change in the American financial regulatory environment. It affects all Federal financial regulatory agencies and almost every aspect of the nation's financial services industry.

This article discusses the background to the Act, its significant provisions and impact on the banking and financial services industry.

Individuals who qualify as having a disability have experienced discrimination both because of negative attitudes in regard to their ability to be an effective employee, as well as the physical barriers at work facilities. The The Vocational Rehabilitation Act of 1973, Title V was put in place to correct the problem of discrimination against people with disabilities in the United States.

The Flood Disaster Protection Act (FDPA) was enacted in 1973 by Congress in order to protect homes which are most vulnerable. Congress also created The National Flood Insurance Program (NFIP) in 1968 through the National Flood Insurance Act of 1968. The program enables property owners in participating communities to purchase insurance protection from the government against losses from flooding.

RESPA is a (Housing and Urban Development) HUD consumer protection statute designed to help homebuyers be better shoppers in the home buying process, and is enforced by HUD. It covers loans secured with a mortgage placed on a one-to-four family residential property. RESPA was originally passed by U.S Congress in 1974. The latest RESPA regulations were published on November 17, 2008 and are scheduled to go into effect on January 1, 2010.

The Fair Credit Reporting Act (FCRA), Public Law No. 91-508, was enacted in 1970 to promote accuracy, fairness, and the privacy of personal information assembled by Credit Reporting Agencies (CRAs). Recent amendments to the Act expanded an individual’s rights and placed additional requirements on CRAs. Businesses that supply information about individuals to CRAs and those that use consumer reports also have new responsibilities under the law.

The National Institute for Occupational Safety and Health (NIOSH), part of the U.S. Department of Health and Human Services, states that workplace stress/job stress, now more than ever, poses a threat to the health of workers and the health of organizations. NIOSH defines job stress as the harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the worker. There are a variety of steps to reduce overall stress levels and the stress one finds on the job and in the workplace.

European Union Competition Law regulates the exercise of market power by large companies, governments or other economic entities. In the EU, it is an important part of ensuring the free flow of working people, goods, services and capital in a borderless Europe. The main provisions of EU Competition law are contained in Articles 81 and 82 of the Amsterdam Treaty.

ISO 31000:2009 sets out principles, a framework and a process for the management of risk that is applicable to any type of organization in the public or private sector. It emphasizes the fact that risk management must be tailored to the specific needs and structure of the particular organization. ISO 31000:2009 can be used by any public, private or community enterprise, association, group or individual.

The Family and Medical Leave Act of 1993 (FMLA) is a United States federal law requiring larger employers to provide employees job-protected unpaid leave due to a serious health condition that makes the employee unable to perform his or her job, or to care for a sick family member, or to care for a new child. President Clinton signed the bill into law on February 5, 1993 and it took effect on August 5, 1993, six months later. It was enacted to strike a balance between work and family. The FMLA provides job security and mandates the continuation of benefits for workers who need time off to attend to serious family matters.

This article describes the background, main provisions and recent changes to the FMLA.