Anonymous ID: 3b2456 Feb. 7, 2022, 2:47 p.m. No.15571290   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>1307 >>1347

https://www.tradecommissioner.gc.ca/china-chine/cscs-scse.aspx?lang=eng

Chinaโ€™s Corporate Social Credit System: How businesses can prepare

As part of Chinaโ€™s push towards data-driven governance, the Corporate Social Credit System (CSCS) is to be a single, standardized reputation-based scheme for both local and foreign firms doing business in China, ensuring their regulatory compliance and improving their corporate behaviour. Although delayed due to slow regional implementation, standardizing best practices and evaluation criteria, and shifted priorities from the Covid-19 pandemic, China seeks to speed up completion of its ambitious credit monitoring system with the recent release of numerous regulations and policies.

While the CSCS has, the potential to level-the-playing-field for local and foreign firms alike, compliance for foreign firms may be more complex and costly. Resultantly, businesses must be prepared to navigate inconsistent regulatory systems with caution, as China can easily change their regulatory and compliance postures towards specific industries with limited notice.

Anonymous ID: 3b2456 Feb. 7, 2022, 2:50 p.m. No.15571316   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

All Powers under Acts to be exercised by Governor General with Advice of Privy Council, or alone

All Powers, Authorities, and Functions which under any Act of the Parliament of Great Britain, or of the Parliament of the United Kingdom of Great Britain and Ireland, or of the Legislature of Upper Canada, Lower Canada, Canada, Nova Scotia, or New Brunswick, are at the Union vested in or exerciseable by the respective Governors or Lieutenant Governors of those Provinces, with the Advice, or with the Advice and Consent, of the respective Executive Councils thereof, or in conjunction with those Councils, or with any Number of Members thereof, or by those Governors or Lieutenant Governors individually, shall, as far as the same continue in existence and capable of being exercised after the Union in relation to the Government of Canada, be vested in and exerciseable by the Governor General, with the Advice or with the Advice and Consent of or in conjunction with the Queenโ€™s Privy Council for Canada, or any Members thereof, or by the Governor General individually, as the Case requires, subject nevertheless (except with respect to such as exist under Acts of the Parliament of Great Britain or of the Parliament of the United Kingdom of Great Britain and Ireland) to be abolished or altered by the Parliament of Canada.