In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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+1 (888) 647 05 40As a result of dissemination of environmental claims, if such claims are made, there is a need for eco-labeling acts that require approval of all relevant aspects of products life. Manufacturers or anyone who wants to benefit from these claims can make environmental self-declarations. Environmental claim may be presented in the form of wordings, symbols or images on labels attached to packaging, or they can be submitted in documentation, technical bulletins, promotional materials, in the telemarketing network, as well as in digital or electronic information means such as the Internet. All these demands are determined in ISO 14020 standards series (14020, 14201, 14024, 14025).
Assurance in the reliability of information is essential for ecological self-separation. It is important to verify claims properly to avoid adverse market consequences, such as barriers to trade or unfair competition that could lead to unreliable and misleading claims. Assessment approach used by claims authors needs to be clear, transparent, scientifically sound and documented so customers or potential buyers of products can be confident in the accuracy of the claims.
ISO 14020 describes the general methodology for verifying self-declarations and the specific methods for assessing statements made in this act. According to these regulations, environmental labeling is divided into two main types for:
I ecological marking type determines the competitive advantage of an environmental certification body in terms of its impact on environment and human health at all stages of the life cycle. This type of labeling provides for the establishment of criteria for each products category or services to assess its benefits and is more reliable because the right to use it is granted by a third party (eco-labeling authority) based on the results of the assessment. Type I eco-labeling is a guide for the end consumer, customer, supplier or retailer focused on safer products with improved functionality.
Type II eco-labeling informs about a specific characteristic related to environmental impacts that may be useful for operation, maintenance, repair or disposal. Type II marking refers to self-declarations, i.e. statements that do not require additional independent assessment by a third party (certification). Phrases of such statements, their interpretations, methods of substantiation of their application and warnings about misleading the consumer are set out in ISO 14020 Environmental self-declarations (type II labeling).
According to ISO 14020, following phrases are provided:
These phrases belong to “environmental self-declaration” category of, or type II labeling of ISO 14020; it must be used in conjunction with an explanatory note to prevent misleading interpretations of their meaning. The application requires the manufacturer to have appropriate supporting documentation for this or that statement. Design or technical documentation, test or research reports and other documents may be considered as supporting documents. Special characters may be used in conjunction with or instead of the above phrases.
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