CMS RELEASE 01/21/2025!?"Zero-Dollar Set-Asides: Effective July 17, 2025, CMS will no longer accept or review WCMSA proposals with a zero-dollar ($0) allocation. Entities should still consider the parameters available in the?WCMSA Reference Guide (PDF)?to determine whether a zero-dollar WCMSA allocation is appropriate and should maintain documentation to support that allocation."
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Reach Out to Discuss Our WCMSA Mandatory Reporting Service 10 Examples of Mandatory Reporting Obligations of WCMSAs https://lnkd.in/e-2RhaFf #rafaelgonzalezesq #medicaremedicaidupdate #cattiegonzalezpllc #medicaremedicaidcompliance
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CMS starts 2025 with a bang by updating WCMSA review policies. Effective 4/7/2025 there will no longer be a one year waiting period applicable to the amended review process. And effective 7/17/2025 zero dollar MSA proposals will no longer be accepted for review by CMS. Stay tuned for further discussion of these updated policies.
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?EPR Annual Filing Deadline Extended! Great news! The deadline for EPR (Extended Producer Responsibility) annual filings has been extended to ??? November 30th, 2024, giving Producers, Importers, and Brand Owners (PIBOs) extra time to submit their returns for FY 2023-2024. ?? Mark your calendars! Ensure your compliance obligations are met and that your filings are done on time. ? At Clairgies, we’re here to help you navigate the process! ?? If you're still unsure about your filing or need expert assistance, don’t hesitate to reach out. We’ll make sure your EPR compliance is smooth and hassle-free. ? #EPRCompliance #PlasticWaste ?? #PIBOs #PwM #CPCB #SPCB #Clairgies ?? #ReturnsFiling ?? #ComplianceSupport ??
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?? Q2 CBAM report deadline in less than 3 weeks! Get help?now! In less than 3 weeks, all EU importers need to submit their Q2 CBAM reports. Has your company submitted yours yet? We're here to help! At CBAM Reports, we assist with: ·?Report preparation for importers and suppliers ·?Creating Monitoring Methodology Documentation (MMD) ·?Coaching sessions for your staff to handle reporting independently We've also added valuable information to our https://lnkd.in/e-BsMaQJ: ·?List of CN codes subject to CBAM – CN codes by name, family, good category ·?List of National Competent Authorities (NCA) – if you have not received authorization yet or have any questions for the local authorities ·?Default values for emissions – direct and indirect values by CN code and good category ? Leave a comment below, message us on LinedIn, or request a call at https://lnkd.in/esEmVktT, and we will be there to help!
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The amended WESM Manual on Ancillary Services Monitoring Issue 1.1 effective on 30 August 2024 is available for download. Click the link to download available Market Rules and Manuals: https://lnkd.in/gat7SzAP #PEMC #WESM #MarketGovernance
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Data harmonization has always been a challenge in the OTC derivatives space, by nature these products require a high level of customization, in contrast to exchanged financial contracts that are standardized and fungible. The lack of standardization in OTC derivatives products, heavily impacts financial institutions that are trying to navigate toward digitalization in order to smooth their operational and compliance costs. These financial instruments can be tailored to each party's Needs. This implies for each contract a different set of attributes, maturity date, settlement type, underlying index, or even a different clearing method. These variables can impact the price and cause breaks in benchmarking, risk management, reconciliations or reporting. In short, the impossibility to comply with the most important rule infinance: "Apples to Apples." The idea of a unique product identification logic for OTC Derivatives has emerged in parallel to the Dodd-Franck, ESMA or ASIC regulatory reporting requirements due to regulators efforts in increasing transparency and stability over OTC markets. Over the last decade financial regulators often complained on the poor data quality reported by the industry within their regulatory reporting programs. Problems continue to include firms using different Classification of Financial Instruments (CFI) codes for the same products as well as inconsistent defining of notional, price and deliverable currencies. The requirement for a Unique Product Identifier (UPI) has been brought to light lately by the CFTC for swaps recordkeeping and reporting rules, the regulator has recently set January 29, 2024 as the date for market participants to start reporting this new element to Swap Data Repositories for Credit, Interest Rates, Foreign Exchange and Equities swaps. The Commodities asset class has been deferred to a later phase due to its implementation complexity. It's worth noting that this new UPI element will have to be reported for new transactions and will also have to be added to all existing open positions. The ANNA Derivatives Service Bureau (ISIN, CFI, FISIN …) has been appointed as the UPI operator for this major market lift. They already issued technical specifications covering a large amount of products in order to classify their corresponding UPI based on asset class attributes, additionally they are planning to release a "ISIN to UPI" service to enable the ISIN conversion process for the upcoming EMIR REFIT planned for April 29th, 2024. ESMA HAS already informed the market it will be mandatory for their reporting regime. In order to comply with these new requirements, Market participants will have to identify the different attributes required to classify each traded instrument within the new UPI taxonomy, in addition to reviewing all open positions reported for CFTC regime and updating their records accordingly.
The DSB’s updated UPI Guide can be found below ?? Read to understand what the UPI is, how to access the UPI Service and how the DSB can support you in meeting reporting requirements. Also available on the DSB website here: https://lnkd.in/esr6f5uF
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?? Why is Establishing a Monitoring Methodology Documentation (MMD) Relevant? The MMD is the CBAM management handbook for third-country operators. Having an MMD in place helps keep track of data sources and their quality, data flows and control measures, production process details, monitoring methods, the allocation of CBAM-related responsibilities, cost-benefit analyses, and multiple other elements. It also facilitates improvements in monitoring practices over time and enables third-party verification of the reported data. For these reasons, the MMD should be sufficiently clear and transparent to be understandable by independent persons. The sooner an MMD is established, the better prepared third-country operators will be to handle their data requests and improve the accuracy of their monitoring. Below, we've included some of the key information that should be contained in this document. We are already supporting some third-country operators in measuring the CBAM data they need to provide to their EU-based clients. Are you an importer or a third-country operator looking for CBAM solutions? Don’t hesitate to reach out or book a demo with us today! https://lnkd.in/dHkks6fd #EU #CBAM #MRV #Carbonpricing
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The SEBI has issued a Master Circular dated May 07, 2024 related to Registrars to an Issue and Share Transfer Agents in order to enable the users to have access to the applicable circulars at one place. This Master Circular consolidates various directives previously issued to RTAs by SEBI. It supersedes the previous Master Circular for RTAs dated May 17, 2023, and subsequent circulars on the subject. The new Master Circular rescinds previous directives concerning RTAs. However, actions taken under the rescinded circulars prior to this Master Circular remain valid and are considered as having been done under the corresponding provisions of the new circular. Any pending applications with SEBI under the rescinded circulars are now considered under the provisions of the new Master Circular.
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??#CBAM #Self #Assessment #Tool Published by European Commission. ???? This #NEW #TOOL ??? aims to provide importers in the EU with a quick overview of whether imported goods are subject to CBAM during the transition period, what the CBAM #reporting #requirements are for that particular type of goods, and where to find additional information. #How #It #Works ??Enter the #CN #code ?? and select the correct options in the menus below (red cells). ?? ??If all the information is entered correctly, the green cells will show the outcome of the CBAM self-assessment and the reporting obligations for the indicated commodity. ? #CBAM #Import #Export #EU #Trade ????Download #Excel #Link Below in the comments.????
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