Licensing Rules

News & Analysis as of

Egypt Liberalises Electricity Market to Allow Private Sector Participation

In 2015, Egypt issued its unified Electricity Law no. (87), paving the way for market liberalisation of its power generation and distribution services. A few months on from its introduction, what are some of the key...more

Uber Lives to Fight Another Day

On 20 January 2016, in what Uber termed as “a victory for common sense” , Transport for London (“TFL”) surrendered to its critics and abandoned the majority of the proposed measures it put forth in its September 2015...more

“High-Cost Credit” Consumer Lenders Face New Laws in Manitoba

New laws to regulate consumer loans and lines of credit that meet the definition of a “high-cost credit product” will come into effect in Manitoba on September 1, 2016. After this date, a consumer lender who offers, arranges...more

Iran Sanctions Lifted? Implementation Day Creates Compliance Minefield

U.S.-Iranian relations took a major step forward on January 16, 2016, with the arrival of “Implementation Day” under the Joint Comprehensive Plan of Action (JCPOA). Although this may present new business opportunities in...more

Coating Technology Restrictions Can Trap U.S. Manufacturers, Engineering Firms, and Machine Shops

Many U.S. manufacturers are familiar with the export control restrictions that apply to the products they sell and the similar restrictions that apply to the “technology” (know how) required to develop, produce, and use those...more

"Iran Sanctions Changes Will Impact Foreign Financial Institutions in 2016"

Editor’s note: This article includes news developments through January 18, 2016. The historic agreement that the P5+1 (the United States, the United Kingdom, France, China, Russia and Germany) and the European Union...more

Navigating Iran Sanctions after JCPOA’s Implementation Day

The announcement by the International Atomic Energy Agency on January 16, 2016, that the Government of Iran has satisfied its commitments under the Joint Comprehensive Plan of Action (“JCPOA”), has triggered “Implementation...more

Iran Sanctions and the Implementation of the JCPOA: Lots of Changes, but Little Impact on U.S. Businesses?

In recent days, the news has been full of stories referring to the “end” or “lifting” of U.S. sanctions against Iran, actions that were taken after the International Atomic Energy Agency confirmed on January 16, 2016, that...more

U.S. Lifts Some Iran Sanctions, But Robust Restrictions Remain

U.S. trade relations with Iran took a significant turn on Saturday, January 16, 2016, with the dawning of Implementation Day under the Joint Comprehensive Plan of Action ("JCPOA"), in furtherance of which the U.S. took, or is...more

Implementation of Joint Comprehensive Plan of Action Results in (Some) Easing of Iran Sanctions

On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran has taken the steps necessary to implement the easing of sanctions under the Joint Comprehensive Plan of Action (JCPOA or Agreement). The...more

U.S. Government Licenses Certain Iran-Related Transactions Conducted by Foreign Subsidiaries of U.S. Companies

On January 16, 2016, the International Atomic Energy Agency verified that Iran had carried out its nuclear commitments under the Joint Comprehensive Plan of Action (“JCPOA”), triggering reciprocal obligations by the United...more

“Implementation Day” Arrives, Triggering Relaxation of US Sanctions against Iran

The impact of Implementation Day will vary depending on whether you are a US Person, a US-owned or controlled Foreign Entity, or a Foreign Person with no US nexus—what’s your status? ...more

Nevada Deals a New Hand

Holders of Mortgage Servicing Rights are not Subject to Licensing as Mortgage Servicers in Nevada. In July 2015, the Nevada legislature dealt the mortgage industry a new hand when it passed Assembly Bill 480 (2015) (“AB...more

China Released the Latest Classification Catalogue of Telecommunications Services (2015 Revision)

On December 28, 2015, the Ministry of Industry and Information Technology of China (the MIIT) released the newly revised Classification Catalogue of Telecommunications Services (2015 Catalogue) and the new Catalogue is due to...more

California Considers Revision of Public Insurance Adjuster Law

Legislation which would significantly revise California law relating to public insurance adjusters is under consideration in the California Senate. The bill, SB 488, is authored by Senator Marty Block of San Diego. The bill...more

An Indictment That Doesn’t Add Up

The recent indictment of Brian Thomas Platt, a federally-registered firearms manufacturer, makes me wonder whether there is so little crime in Maryland that prosecutors have the time to indict an individual for exporting a...more

Client Alert on Regulations of Licensing in Azerbaijan

On 21 December 2015 the President of the Republic of Azerbaijan signed a Decree On certain measures in the area of licensing....more

Third Party Administrator Update: TPA Regulatory and Legislative Developments - December 2015

Polsinelli is pleased to share the December 2015 Third Party Administrator Newsletter. This newsletter covers topics throughout the year that effect TPAs. Items discussed in this report include: - State Insurance...more

State Lawmakers Pushing Telemedicine Coverage in 2016

State legislation is heavily contributing to the expected reimbursement/coverage uptick in 2016, as more states consider legislation requiring coverage for telemedicine and in-person visits alike. To date, 29 states...more

2016 California Construction Law Update

The California State Legislature saw the introduction of 2,297 bills during the first half of the 2015-2016 legislative session of which 1,010 bills were signed into law....more

Merced River hydro relicensing Environmental Impact Statement released

Staff of the Federal Energy Regulatory Commission have released a final Environmental Impact Statement (EIS) evaluating proposals to relicense two hydroelectric power projects located on the Merced River in...more

New Japanese Fund Regulatory Framework: FSA’s Proposed Rules and Public Consultation

On May 27, 2015, an amendment bill to the Financial Instruments and Exchange Act of Japan (“FIEA”) passed the Diet, which would come into effect sometime next year but no later than June 3, 2016 (“2015 Amendment”). The 2015...more

IAIS adopts revisions to ICP

IAIS has adopted revisions to the insurance core principles (ICP) following self-assessments and peer reviews. These changes are in relation to licensing, suitability of persons, corporate governance, risk management and...more

Abu Dhabi Global Market: Obtaining a Commercial Licence

This memorandum provides a brief overview of certain key areas of the Commercial Licensing Regulations 2015 published by Abu Dhabi Global Market on 14 June 2015. The Commercial Licensing Regulations establish the framework...more

NMLS Renewal Period Starts Now

The annual NMLS renewal period for 2016 started on November 1, 2015, and ends on December 31, 2015. State regulators are encouraging licensees to renew their licenses early. Renewal applications are available online. In...more

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