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Dec 31, - Working Together: Improving Regulatory Cooperation and have often found that problems in cooperation and information exchange.
Table of contents
- Improving international cooperation between regulators
- Language selection
- Front Matter : Working Together : Improving Regulatory Cooperation and Information Exchange:
- What is Kobo Super Points?
Improving international cooperation between regulators
The Standard specifies the financial account information to be exchanged, the financial institutions that need to report, and the different types of accounts and taxpayers covered. To capture a wide range of information, the Standard requires not only deposit-taking banks to report, but also custodial institutions, certain investment entities, and certain insurance companies.
The type of account information to be reported on includes account balances, interest, dividends, and sale and redemption proceeds from financial assets. In order to ensure that the information is accurate and complete, the Standard also specifies the information gathering procedures to be followed by financial institutions, and these procedures draw on the existing international anti-money laundering standards. Confidentiality, data safeguards and proper use of the information is critical, and the Standard sets out clear requirements that must be met by all jurisdictions participating in AEOI.
The Standard also includes a model agreement for government authorities to use to operationalise the automatic exchanges and a technical user guide to ensure the information is reported in a standardised format. The global implementation of AEOI is an essential step for stimulating the development of a global level playing field; in other words, global implementation is essential to effectively tackle evasion as well as to ensure jurisdictions are on an even footing. A large number of jurisdictions have announced their plan to implement the new Standard.
Around 50 jurisdictions will work towards having their first information exchanges by September ; and many more will follow in A majority of Global Forum members have indicated their commitment to exchanging on the or timeline. Information and Communications Technology Standards in Regulations. Next Steps: D evelop work plans and time tables for the topics identified under this dialogue.
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Initial projects under this dialogue include information exchange on e-accessibility, security, and biometrics. The last meeting took place in March , where new terms of reference to guide future cooperation were developed and approved. In the framework of CHIC, FDA and DG Enterprise have exchanged extensive information on our respective regulatory systems, safety concerns, and alternative test methods, including the discussion on the establishment of a rapid alert system to exchange data on adverse reactions.
Next Steps: The cooperation on the development of alternative methods needs further strengthening through bilateral contacts with the aim of mutual acceptance of alternative methods.
FDA and DG Enterprise and Industry will continue to discuss other important issues in the field of cosmetics regulation, such as cosmetics labelling, standardized labelling for sunscreens and the regulation of hair dyes in the framework of bilateral meetings and within the multilateral CHIC-process, which has proven a valuable multilateral forum for discussion. Consumer Product Safety. S and EU consumer health and safety protection.
- International Cooperation?
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Next Steps: Building on the Guidelines for Information Exchange , develop an agreed implementation plan for a program of specific cooperative projects to be pursued in the area of consumer product safety, which might include the exchange of rapid alerts. Consumer Protection Enforcement Cooperation. Objective: Develop mutual assistance mechanisms in the field of cross-border consumer protection enforcement cooperation.
Next Steps: Congress has considered, and the Senate has passed, legislation mirroring the CPC provisions on cross-border consumer protection enforcement. Upon passage of such legislation, a Recommendation of the European Commission endorsing the negotiation of an agreement with the US could be proposed to the Council.
Unfair Commercial Practices. This dialogue will aim at increasing convergence in this area. Nutritional Labeling. Next Steps: Identify specific activities for cooperation on technical issues such as reference values for nutrient labeling, nutrient definitions, and energy conversion factors. Pursue a confidentiality arrangement to facilitate the sharing of non-public information in this subject area.
Front Matter : Working Together : Improving Regulatory Cooperation and Information Exchange:
Next Steps: Identify additional specific regulatory cooperation projects and specific information to be shared. The meeting was successful and the main goal was reached. However it appeared evident that the two systems, although based on the same principles, are still different for important points.
Next Steps: Establish informal dialogue between USDA and EFSA with discussions targeting risk assessments methodologies and identifying possible areas for further discussion and sharing of information. Marine Equipment.
What is Kobo Super Points?
Objective: Consistent with the objectives of the U. Consider other activities that may be of interest for further information exchanges. Objective: Pursue informal c ooperative dialogue, in the spirit of the U. Working together enables us to address environmental impacts of joint concern, achieve common goals on both sides of the Atlantic and demonstrate leadership to help create a cleaner global environment.
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GMI focuses on methane mitigation projects that reduce emissions from animal waste, coal mines, landfills, wastewater treatment plants, and oil and gas operations. Department of Energy which helps consumers save money and protect the environment through the use of energy efficient products and practices.
This agreement was renewed for several 5-year periods and expired on February 20, The dialogue also promotes regulatory best practices and information-sharing on areas of mutual interest. A Statement of Intent to enhance this cooperation was signed in December This document also includes the Rolling Work Plan.