regulatory compliance, fines and penalties

3. Total costs of regulatory compliance

Its potential to improve regulatory compliance is an important advantage of an EMS, in particular where environmental laws and regulations are realistic in the context of local environmental and developmental conditions.

In Lithuania, a cleaner production programme is being implemented with support from the Norwegian Government to improve environmental performance, competitiveness and regulatory compliance of industry.

Article 23 The securities firm should set up responsible person for regulatory compliance to audit, supervise or check legal and regulatory compliance of management behavior of securities firm.

21 27 Compliance with and enforcement of multilateral environmental agreements

A Commission for Environmental Cooperation has been set up by those three States to enhance regional environmental cooperation and coordinate regulatory and enforcement mechanisms.

However, ISO 14001 certification by itself does not ensure continuous compliance with environmental legislation.

The second is to generate policy options for improved regional compliance with environmental accords.

Circular of China Insurance Regulatory Commission concerning Printing and Distributing the Guidelines for the Compliance Management of Insurance Companies

The Act also included regulatory measures over banks and non bank financial institutions in compliance with relevant international instruments.

The securities firm should have appropriate reasons for dismissing responsible person for regulatory compliance and report to the securities regulatory agency under the State Council in written within 3 working days.

Examples include, increasing the probability of detecting fraud, waste, abuse or error, preventing an improper activity or enhancing regulatory compliance.

SS.VII 4 Compliance with and enforcement of multilateral environmental agreements (subprogrammes 2, 3 and 6)

Although there are detailed requirements concerning environmental policies, programmes, management systems and environmental auditing, the specific environmental criteria to be fulfilled depend on the regulatory requirements relevant to the site or country and the company apos s environmental policy and targets.

Furthermore, unlike regulatory measures, an environmental liability scheme promotes innovation in low waste technology and environmentally sound waste management.

In addition, certification to ISO 14001 can be seen as demonstrating compliance with national environmental legislation.

Article 5 The compliance management of insurance companies shall be supervised and inspected by China Insurance Regulatory Committee and its dispatched offices.

China Insurance Regulatory Committee may, when necessary, irregularly require an insurance company to submit various kinds of comprehensive or special compliance reports.

See, for example, Abram Chayes and Antonia Handler Chayes, The New Sovereignty Compliance with International Regulatory Agreements (Cambridge, Harvard University Press, 1995).

Abram Chayes and Antonia Handler Chayes, The New Sovereignty Compliance with International Regulatory Agreements (Cambridge, Massachusetts, Harvard University Press, 1995), p. 159.

Article 30 The compliance department of an insurance company shall be responsible for organizing the study of the important supervisory documents circulated by China Insurance Regulatory Committee, make risk indications and put forward compliance suggestions.

They are for sale to corporations and individuals who want to offset their emissions for non regulatory purposes, are verified by independent verifiers, but are not certified by a regulatory authority for use as a compliance instrument.

Article 32 China Insurance Regulatory Committee shall, either through the compliance reports submitted by these companies or by conducting on the spot inspections, supervise and evaluate the compliance management work of insurance companies on a regular basis.

In some countries the larger use of EMS may have to be accompanied by investment in environmental infrastructure and the establishment of a comprehensive regulatory framework in order to result in significant environmental benefits.

7. Certain delegations felt that compliance with environmental standards might entail excessive costs for SMEs, particularly those in developing countries.

Core work programme activities with prescribed deadlines Maintenance of systems, databases and clearing houses (e.g. GHG information system) Regulatory functions (e.g. CDM Executive Board, Compliance Committee).

Any incremental costs thus depend on two factors (a) the organization apos s degree of compliance with applicable environmental regulations and (b) the stringency of environmental regulations in the country of production.

It is now high time to consider a more integrated structure for environmental standard setting, scientific discussion and monitoring treaty compliance.

Article 12 When a securities firm is set up, its business scope should align with its financial performance, internal control system, regulatory compliance system and human resources

To dismiss the compliance chief, an insurance company shall, within 10 days after the dismissal, submit a report and an explanation thereon to China Insurance Regulatory Committee.

Can further exploration of market based instruments such as emissions trading, environmental liability, and eco taxes, keeping in mind equity aspects, reduce the cost of compliance with MEAs and induce continuous environmental improvements?

33. Environmental management standards, however, do not guarantee, by themselves, improvements in environmental performance of production and or of products, but they assure only compliance to an adopted EMS and to a declared environmental policy that fulfills, at a minimum, national regulations.

during business operation of the securities firm, it can apply to the securities regulatory agency under the State Council for adjustment of its business scope based on the financial performance, internal control level, regulatory compliance degree, business management capability of officers and quantity of professionals.

Once the responsible person for regulatory compliance finds behavior of law and regulation violation, he should report to agency prescribed in company regulation, and also report to the securities regulatory agency under the State Council or concerning self discipline organization according to the regulation.

Its national strategy included plans for the development of all inhabited spaces in strict compliance with high environmental and economic management standards.

(b) What are the best ways to ensure exporters understanding of, and compliance with, quality, health and environmental requirements in importing markets?

(1) Where any head of compliance do not report to the securities regulatory agency of the State Council or relevant self discipline organizations about illegal or irregular acts

The establishment and maintenance of an effective EMS enables an organization to anticipate and meet growing environmental performance expectations, to ensure ongoing compliance with national and or international environmental requirements and to support the continual improvement of its environmental performance. UNIDO, op. cit., page 12.

23. Needs previously mentioned were elaborated, namely, to maintain and increase market share, demonstrate compliance with national environmental legislation and enhance corporate image.

(2) examining and approving the annual compliance report of the company, presenting such report to China Insurance Regulatory Committee and taking measures to settle problems referred to in such report

Regulatory issues

Regulatory action

Environmental education for refugees continued in cooperation with UNESCO's Programme for Education for Emergencies and Reconstruction (PEER), using a new integrated approach combining both formal and informal pedagogical methods to raise awareness and compliance with environmental strategies.

Fines and penalties for non compliance with environmental regulations, and compensation to third parties for environmental damage are regarded as environmentally related costs, and are also instances of costs incurred that do not result in future benefits.