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Member News
Member News
19
Aug
ESMA CSA on the risk management function
The European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) on the risk management function of UCITS management companies and alternative investment fund managers (AIFMs) across the European Union. The CSA will be conducted throughout 2026 and 2027, in close collaboration with national competent authorities (NCAs).
The objective of the CSA is to assess how market participants comply with key risk–related provisions under the UCITS and AIFMD frameworks. The focus will be on...
18
Aug
What you need to know
Where an organization wishes to engage or move personnel overseas, the most common structures include:
Using an employer of record (EoR);
Having the employee work remotely under the home country employment contract;
Engaging personnel under an alternative working arrangement (e.g., as a contractor);
Seconding personnel to a local entity; and
Putting an employee on a leave of absence or the home country employment ceasing to operate and employing them with the local entity.
Each of these...
18
Aug
OpenAI recently disclosed that, during testing of one of its frontier artificial intelligence models, AI agents working to solve assigned tasks found ways to access the internet and ultimately infiltrate the systems of another AI company, Hugging Face. They did so through pathways OpenAI's developers never intended them to reach. The incident quickly dominated technology and cybersecurity headlines. It also prompted OpenAI to send two of its security engineers to Black Hat USA 2026, one of the cybersecurity industry's...
18
Aug
A report says companies are routing billions of goods from high-tariff countries like China through countries like Mexico, Vietnam and Malaysia.
Key Points
A White House report pegs tariff-evading transshipment at least $34.2 billion annually and names several countries as primary conduits for Chinese goods entering the U.S. under false origin claims.
Customs and Border Protection is deploying an AI-powered enforcement system that cross-references origin declarations, routing data, and component sourcing to flag evasion at scale.
Companies should review country-of-origin...
17
Aug
Key Points
A presidential proclamation issued August 13, 2026, imposes Section 232 tariffs of 100% on high-risk UAS and docking stations, and 25% on consumer and commercial drones under 25 kg, effective September 3, 2026.
Reduced tariff caps of 15% (EU, Japan, South Korea, Taiwan, Switzerland, Liechtenstein) and 10% (UK) apply only where importers certify that “substantially all” critical components originate from qualifying countries — a standard Commerce has not yet defined.
The Proclamation’s onshoring program allows companies that...
17
Aug
IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...
17
Aug
In this week’s Roar: Asia–U.S. East Coast box rates, jumping the queue at the Panama Canal, port congestion across Asia, falling air cargo demand in Europe, and AI’s role in overcoming supply chain hurdles.
A geopolitical perfect storm of sorts has led Asia–U.S. East Coast box rates to a new high for the year, while pushing West Coast rates up 11% since the start of the month. Despite the perceived state of the economy, not to mention geopolitical volatility and the ongoing instability...
14
Aug
The Trump administration has prioritized immigration policy, with new developments emerging on an almost weekly basis. From changes affecting visa processing and adjustment of status to increased vetting, enforcement initiatives, employment authorization, humanitarian programs, and agency adjudication standards, employers and foreign nationals are navigating a rapidly shifting immigration landscape.
This represents a departure from the approach adopted in 2021, under which USCIS officers were generally instructed to issue an RFE or NOID when additional evidence could potentially establish eligibility. Under...