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Articles by Graeme Stapleton
Fast track planning proposals target homes and 'social' infrastructure
Plans to speed up the planning process in England for new schools, hospitals and other 'social' infrastructure have been published by the government. A consultation proposes an extended 'permitted development' (PD) right for extensions to existing 'Class M' facilities, as well as a new, streamlined planning application process for new hospitals, schools and prisons.
UAE: new regulations for stored value facilities and cryptoassets
The United Arab Emirates (UAE) has continued its development of the regulatory environment for fintech firms with the issuance of new regulations covering stored value facilities and cryptoassets. Stored Value Facilities (SVFs) The UAE Central Bank’s SVF Regulation (85 page / 1.9MB PDF), released in early November 2020, repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations).
The Construction Act and its amendment - payment issues
The Housing Grants, Construction and Regeneration Act, also known as the 'Construction Act', has been an important part of the law affecting the construction industry since it came into force on 1 May 1998. Part 8 of the Local Democracy, Economic Development and Construction Act substantially amends the Construction Act. It affects all "construction contracts" in England, Wales and Scotland.
New data centre to be built in Singapore
Digital infrastructure company Equinix will build its fifth data centre in Singapore. The first phase will cost $144 million. SG5 plans to open in first half of 2021, with capacity of 1,300 cabinets in the first phase. The company said that the data centre is "aligned with Singapore's Smart Nation initiative", which was launched by prime minister Lee Hsien Loong in November 2014. In 2017 the government pledged $1.7 billion to develop information and communication technology (ICT).
Paradoxes in sustainability reporting highlighted by ESMA chair
The need for international standards that still cater for domestic differences, rules that are robust while allowing reporting entities some flexibility, and the need for completeness without imposing an impossible burden on smaller companies, are the "three main apparent paradoxes in the area of sustainability reporting", a senior EU regulator has said.
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