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FDA Notice Announcing Increased OTC Monograph Facility Fees

Thursday, April 1, 2021
On March 26, 2021, the FDA updated and reissued the fee rates for the newly created over-the-counter (OTC) monograph Drug User Fee program (OMFUA) for FY2021 in a Federal Register Notice (FRN) titled “
Fee Rates under the Over-The-Counter Monograph Drug User Fee Program for Fiscal Year 2021.” The CARES Act, passed by Congress on March 27, 2020, established OMUFA, FDA’s newest user fee program, which granted FDA the ability to assess and collect two types of fees: OTC monograph drug facility (MDF) fees and OTC Monograph Order Request (OMOR) fees.
The initial notice issued by FDA on December 29, 2020, was quickly withdrawn by the HSS amid controversy surrounding FDA’s plan to collect user fees from manufacturers, including liquor distilleries, that stepped up to meet the US (and world) demand for increased production of hand sanitizers under the Agency’s temporary enforcement policy during the COVID-19 pandemic. ....

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The UK Trust Registration Service and Who it Affects

Thursday, April 1, 2021
The Fourth Money Laundering Directive ((EU) 2015/849) (MLD4) was implemented in the United Kingdom as a result of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017 (SI 2017/692). In order to fulfil the requirements of MLD4, HM Revenue & Customs (HMRC) introduced the Trust Registration Service (TRS) to help combat money laundering and terrorist financing in the United Kingdom. Because of further European Directives, the TRS has now been extended with wide-reaching consequences. Read on for a discussion of who is affected and key implications.
IN DEPTH
What Is the Trust Registration Service?
The TRS is an online portal which provides certain trustees and personal representatives with a relatively user-friendly way to satisfy their registration obligations with HMRC. Under MLD4, only specified express trusts with UK tax consequences or “complex estates” needed to be register ....

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EEOC Opening EEO-1 Reporting Portal April 26

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Welcome To IANS Live - BUSINESS - Metal, auto, tech stocks top sectoral gainers in FY21

All sectors delivered positive returns in the last financial year.A re ....

India Private , News Service , All Rights , Institution Al , இந்தியா ப்ரைவேட் , செய்தி சேவை , அனைத்தும் உரிமைகள் ,

A special corporate gesture: Spouses of employees are now empowered

April 02, 2021
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The UAE-based Aries Group has operationalised what it describes as revolutionary reform of dispensing salaries to spouses of working employees in recognition to the work ethics and aspirations of housewives and homemakers.
Deepa Prabhiraj, wife of Aries Group’s Managing Director Prabhiraj Natarajan has become the first woman to receive the salary. She is entitled to receive 25 per cent of the employee’s income as salary and this amount will be provided in addition to the salary previously received by the employee.
Spouses of employees who remain in the establishment for more than three years after marriage will be eligible for salary, the company said. The unique compensation scheme was launched on March 28 on the occasion of the Group’s 23rd anniversary and birthday of Sohan Roy, Founder Chairman and CEO of Aries Group. The UAE based firm has a presence in maritime consultancy, ship design, UT gauging, survey of ships, rope access, inter ....

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