Tag Archive for Regulation

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How UK sustainability reporting standards will affect your SME

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By Dan Firmager on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

The UK Sustainability Reporting Standards (UK SRS) will be introduced in 2026.

Though it’s aimed at larger firms, SMEs will have reporting responsibilities if they supply to these larger firms.

By preparing early you can position yourself as a preferred supplier.

The UK Sustainability Reporting Standards (UK SRS) could be introduced as early as January 2026 and will reshape how companies disclose climate and sustainability-related information.

While the initial focus will be on large, ‘economically significant’ entities, small and medium-sized enterprises (SMEs) should not assume they’re out of scope. In fact, the ripple effects of UK SRS will be felt across the supply chain. SMEs that prepare early will be better positioned to reduce risk, attract investment, secure finance and win new work.

Why UK SRS matters to SMEs

These standards are designed to provide investors and lenders with consistent, decision-useful information. For SMEs, this means that larger customers, banks and insurers will increasingly expect sustainability data from their suppliers and partners.

‘Economically significant’ organisations will be expected to make several disclosures in their financial statements, including their Scope 3 emissions, which include the emissions generated by their suppliers (purchased goods

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What is Extended Producer Responsibility?

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By Tim Adler on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

UPDATE: The date for Extended Producer Responsibility is coming up for larger firms, but it might be time for you to get preparations in place as a small business, too.

Big businesses will be financially responsible for recycling their packaging from October 1, 2025. As a small business, you may well have registration and reporting responsibilities, too – read on to find out more.

What is Extended Producer Responsibility?

Extended Producer Responsibility (EPR) is UK legislation that will replace current packaging waste regulations with a phased implementation. The plan is for full implementation by 2027.

It is an environmental policy that requires producers to pay the full costs of dealing with the waste they produce from when it is placed onto the market, through to the end of its life.

The idea behind Extended Producer Responsibility is to reduce the environmental impact of packaging. Under EPR proposals, packaging producers will be responsible for the entire cost of recycling packaging, including the cost of collection, treatment, and recycling.

Research has shown that implementing Extended Producer Responsibility increased the percentage of paper and packaging being recycled to over 75 per cent

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Strong Customer Authentication is complicating online payments

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Originally written by Iain McDougall on Small Business
What is Strong Customer Authentication?
SCA or “Strong Customer Authentication” is a major piece of e-commerce regulation that is being introduced across Europe on September 14 2019. From this date, every time a consumer buys something online that costs over €30, simply plugging their details once will no longer be enough. Instead, they’ll need to additionally confirm their identity by something they know (a PIN or password), something they have (such as a smartphone), or something they are (biometric facial features or a fingerprint). This is known as two-factor authentication and has been around in various forms for a while – think about those situations where putting your username and password isn’t enough, for example when you’re sent a six-digit code to input via SMS.
In real terms, however, this means that from September more than 300 million ordinary European consumers will regularly have to change the way they buy online, introducing an extra layer of friction at the checkout for everyday transactions.
SCA will mean all European shoppers will have to double authenticate all online payments over €30 – having profound implications for how businesses handle online transactions. It’s set to be big as GDPR,

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Is regulation a friend or foe?

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For many organisations big data presents challenges and opportunities. No more so than in the financial services sector where the regulatory landscape provides an additional level of complexity. Many FS institutions are so overwhelmed by legislative requirements that they have few resources left to exploit their data for profitable ends. If your organisation feels like
The post Is regulation a friend or foe? appeared first on Small Business.

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USANA Singapore Receives CaseTrust Accreditation

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The USANA Health Sciences Singapore office recently had their business practices accredited by CaseTrust, the accreditation arm of the Consumers Association of Singapore (CASE).
The initiative, which is led by the Direct Selling Association of Singapore (DSAS), was kicked off in January 2014 with the intention to bring the standards of the direct selling industry in Singapore to a higher standard.
“We are proud to be one of the first direct selling companies in Singapore to receive this accreditation,” said Executive Vice President of Asia Ng Keng Hean.
“It reflects the ethical business practices which USANA and its Distributors have been promoting all these years.”
The initiative recognizes member companies that commit to give consumers a minimum cooling-off period of seven working days, during which they can seek full refund of any payment without being penalized, produce an order form at the time of sale that clearly states the direct seller’s contact details, and put in place a well-defined system to address conflicts. USANA is one of 14 companies to receive this recognition.
“CaseTrust not only reviews the company’s practices, but also those of Independent Distributors,” said Carolyn Lee, regional general manager of Singapore and Malaysia. “We will continue to work closely with

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