Business · Lead Story · 2026-10-21
Canada sets new federal directive for regulatory-cost reviews
The framework takes effect December 31 and requires regulators to offset new administrative burden costs at a two-to-one rate.
Canada announced a Cabinet Directive on Regulatory Competitiveness and Red Tape Reduction on October 21. The framework is scheduled to take effect December 31, replacing the 2018 Cabinet Directive on Regulation and changing the instructions federal regulators use when developing and reviewing rules.
Under the new directive, departments must seek to reduce regulatory burden costs by two dollars for every dollar added. Regulators are also directed to assess competitiveness effects, remove outdated requirements, use recognized national or international standards by default and review regulations regularly.
The directive retains broader safeguards. Regulatory proposals and decisions must consider costs, benefits and risks as well as effects on different groups, and federal obligations to First Nations, Inuit and Métis communities continue to apply. The government says health, safety and environmental protections remain part of the framework.
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World · 2026-10-21
EU Council sets negotiating position on digital-rule changes
The mandate covers privacy, cookies, research data and cyber-incident reporting but still requires negotiations with Parliament.
The Council of the European Union agreed on October 21 to a negotiating position for proposed changes to data-protection, privacy and cybersecurity rules. The mandate is not final legislation. Negotiations can begin after the European Parliament adopts its own position.
The Council text would clarify how pseudonymisation and identification relate to personal data, simplify handling of excessive requests and adjust certain information duties in low-risk cases. It also proposes a principle-based definition of scientific research and targeted exemptions intended to make research-data processing more consistent.
Read articleEnvironment · 2026-10-20
EU institutions reach provisional carbon-market reserve agreement
The compromise would raise the allowance-invalidation threshold to 700 million while leaving the reserve’s broader design intact.
The Council of the European Union and European Parliament reached a provisional agreement on October 20 to revise one part of the emissions-trading system’s market stability reserve. The deal must still be endorsed and formally adopted by both institutions before the new rule can take effect.
The reserve is intended to manage imbalances in the carbon market by absorbing excess emission allowances or releasing allowances when conditions warrant. The targeted amendment addresses the invalidation mechanism, which permanently removes allowances above a specified level rather than changing the overall design of the reserve.
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