Category: Transport

  • MIL-OSI Global: MicroRNA − a new Nobel laureate describes the scientific process of discovering these tiny molecules that turn genes on and off

    Source: The Conversation – USA – By Victor Ambros, Professor of Molecular Medicine, UMass Chan Medical School

    A microRNA molecule is a tiny regulator of other genetic material. Artur Plawgo/iStock via Getty Images Plus

    The 2024 Nobel Prize in physiology or medicine goes to Victor Ambros and Gary Ruvkun for their discovery of microRNA, tiny biological molecules that tell the cells in your body what kind of cell to be by turning on and off certain genes.

    The Conversation Weekly podcast caught up with Victor Ambros from his lab at the UMass Chan Medical School to learn more about the Nobel-winning research and what comes next. Below are edited excerpts from the podcast.

    How did you start thinking about this fundamental question at the heart of the discovery of microRNA, about how cells get the instructions to do what they do?

    The paper that described this discovery was published in 1993. In the late 1980s, we were working in the field of developmental biology, studying C. elegans as a model organism for animal development. We were using genetic approaches, where mutations that caused developmental abnormalities were then followed up to try to understand what the gene was that was mutated and what the gene product was.

    It was well understood that proteins could mediate changes in gene expression as cells differentiate, divide.

    We were not looking for the involvement of any sort of unexpected kind of molecular mechanisms. The fact that the microRNA was the product of this gene that was regulating this other gene in this context was a complete surprise.

    There was no reason to postulate that there should be such regulators of gene expression. This is one of those examples where the expectations are that you’re going to find out about more complexity and nuance about mechanisms that we already know about.

    But sometimes surprises emerge, and in fact, surprises emerge perhaps surprisingly often.

    Colorized scanning electron microscope image of a C. elegans nematode worm – one of the most studied animals in biological research.
    Steve Gschmeissner/Science Photo Library via Getty Images

    These C. elegans worms, nematodes, is there something about them that allows you to work with their genetic material more easily? Why are they so key to this type of science?

    C. elegans was developed as an experimental organism that people could use easily to, first, identify mutants and then study the development.

    It only has about a thousand cells, and all those cells can be seen easily through a microscope in the living animal. But still it has all the various parts that are important to all animals: intestine, skin, muscles, a brain, sensory systems and complex behavior. So it’s quite an amazing system to study developmental processes and mechanisms really on the level of individual cells and what those cells do as they divide and differentiate during development.


    Listen to Victor Ambros on The Conversation Weekly podcast.


    You were looking at this lin-4 gene. What was your surprising discovery that led to this Nobel Prize?

    In our lab, Rosalind Lee and Rhonda Feinbaum were working on this project for several years. This is a very labor intensive process, trying to track down a gene.

    And all we had to go by was a mutation to guide us as we gradually homed in on the DNA sequence that contained the gene. The surprises started to emerge when we found that the pieces of DNA that were sufficient to confer the function of this gene and rescue a mutant were really small, only 800 base pairs.

    And so that suggested, well, the gene is small, so the product of this gene is going to be pretty small. And then Rosalind worked to pare down the sequence more and to mutate potential protein coding sequences in that little piece of DNA. By a process of elimination, she finally showed that there was no protein that could be expressed from this gene.

    And at the same time, we identified this very, very small transcript of only 22 nucleotides. So I would say there was probably a period of a week or two there where these realizations came to the fore and we knew we had something new.

    You mentioned Rosalind, she’s your wife.

    Yeah, we’ve been together since 1976. And we started to work together in the mid-’80s. And so we’re still working together today.

    And she was the first author on that paper.

    That’s right. It’s hard to express how wonderful it is to receive such validation of this work that we did together. That is just priceless.

    Victor Ambros and Rosalind Lee toast the Nobel news on the day of the announcement.
    UMass Chan Medical School

    Like it’s a Nobel Prize for her too?

    Yes, every Nobel Prize has this obvious limitation of the number of people that they give it to. But, of course, behind that are the folks who worked in the lab – the teams that are actually behind the discoveries are surprisingly large sometimes. In this case, two people in my lab and several people in Gary Ruvkun’s lab.

    In a way they’re really the heroes behind this. Our job – mine and Gary’s – is to stand in as representatives of this whole enterprise of science, which is so, so dependent upon teams, collaborations, brainstorming amongst multiple people, communications of ideas and crucial data, you know, all this is part of the process that underlies successful science.

    That first week of the discoveries, did you anticipate at that point that this could be such a huge step for our understanding of genes?

    Until other examples are found of something new, it’s very hard to know how peculiar that particular phenomenon might be.

    We’re always mindful that evolution is amazingly innovative. And so it could have been that this particular small RNA base-pairing to this mRNA of lin-14 gene and turning off production of the protein from lin-14 messenger RNA, that could be a peculiar evolutionary innovation.

    The second microRNA was identified in Gary Ruvkun’s lab in 1999, so it was a good six years before the second one was found, also in C. elegans. Really, the watershed discovery was when Ruvkun showed that let-7, the other microRNA, was actually conserved perfectly in sequence amongst all the bilaterian animals. So that meant that let-7 microRNA had been around for, what, 500 million years?

    And so it was immediately obvious to the field that there had to be other microRNAs – this was not just a C. elegans thing. There must be others, and that quickly emerged to be the case.

    Ambros discovered that the lin-4 gene encoded a microRNA that did not code for a protein. Ruvkun cloned the lin-14 gene, and the two scientists realized that the lin-4 microRNA sequence matched a complementary sequence in the lin-14 mRNA.
    © The Nobel Committee for Physiology or Medicine. Ill. Mattias Karlén

    You and Gary Ruvkun had been postdoctoral fellows at the same time at MIT, but by the time you made your respective discoveries, you’d both set up your own labs. Would you call them rival labs, in the same town?

    No, I would certainly not call it rival labs. We were working together as postdocs basically on this problem of developmental timing in Bob Horvitz’s lab.

    We just basically informally divided up the work. The understanding was, OK, Ambros lab will focus on lin-4 gene, and Ruvkun lab will focus on lin-14, and we anticipated that there would be a point that we would get together and share information about what we’ve learned and see if we could come to a synthesis.

    That was the informal plan. It was not really a collaboration. It was certainly not a rivalry. The expectation was that we would divide up the work and then communicate when the time came. There was an expectation in this community of C. elegans researchers that you should share data freely.

    Your lab still works on microRNA. What are you investigating? What questions do you still have?

    One I find very interesting is a project where we collaborated with a clinician, a geneticist who studies intellectual disability. She had discovered that her patients, children with intellectual disabilities, in certain families carried a mutation that neither of their parents had – a spontaneous mutation – in the protein that is associated with microRNAs in humans called the Argonaute protein.

    Each of our genomes contains four genes for Argonautes that are the partners of microRNAs. In fact, this is the effector protein that is guided by the microRNA to its target messenger RNAs. This Argonaute is what carries out the regulatory processes that happen once it finds its target.

    These so-called Argonaute syndromes were discovered, where there are mutations in Argonautes, point mutations where only one amino acid changes to another amino acid. They have this very profound and extensive effect on the development of the individual.

    And so working with these geneticists, our lab and other labs took those mutations, that were essentially gifted to us by the patient. And then we put those mutations into our system, in our case into C. elegans‘ Argonaute.

    I’m excited by the very organized, active partnership between the Argonaute Alliance of families with Argonaute syndromes and the basic scientists studying Argonaute.

    How does this collaboration potentially help those patients?

    What we’ve learned is that the mutant protein is sort of a rogue Argonaute. It’s basically screwing up the normal process that these four Argonautes usually do in the body. And so this rogue Argonaute, in principle, could be removed from the system by trying to employ some of the technology that folks are developing for gene knockout or RNA interference of genes.

    This is promising, and I’m hopeful that the payoff for the patients will come in the years ahead.

    Victor Ambros receives funding from the U.S. National Institutes of Heath.

    ref. MicroRNA − a new Nobel laureate describes the scientific process of discovering these tiny molecules that turn genes on and off – https://theconversation.com/microrna-a-new-nobel-laureate-describes-the-scientific-process-of-discovering-these-tiny-molecules-that-turn-genes-on-and-off-241095

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: UK strikes at the heart of Russian energy revenues funding Putin’s war

    Source: United Kingdom – Government Statements

    The UK has today unleashed the largest package of sanctions to date against Putin’s shadow fleet of oil tankers.

    • Fresh sanctions unleashed against 18 Russian oil tankers and 4 liquified natural gas tankers – the largest sanctions action to date against Putin’s shadow fleet. 

    • The Foreign Secretary continues his personal mission to crack down on the full spectrum of Russian malign activity.  

    • The US and Canada sign up to the shadow fleet ‘Call to Action’ launched by UK Prime Minister Keir Starmer in July, bringing the total number of signatories to 47.

    The UK has today unleashed the largest package of sanctions to date against Putin’s shadow fleet of oil tankers.18 more shadow fleet ships will be barred from UK ports and unable to access world-leading British maritime services, bringing the total number of oil tankers sanctioned to 43. 

    The shadow fleet seeks to undermine sanctions and poses a clear and present danger. Environmental risks, such as oil spills, on our coastlines as a result of its flagrant violation of basic safety standards, but also risks to the security of global trade – the lifeblood of economic growth. 

    At the European Political Community Summit in July, the Prime Minister announced the shadow fleet call to action. Today the US and Canada have joined 44 European countries plus the EU in working together to tackle the risks posed by the shadow fleet. 

    The UK’s relentless action against the shadow fleet is putting grit into the system and starving Putin’s war machine of crucial revenues. The oil tankers targeted today have transported an estimated $4.9 billion in the last year alone. A significant number of the ships targeted by the UK to date have been forced to sit idling uselessly outside ports across the world, unable to continue pouring money into Putin’s war chest. 

    Sovcomflot, Russia’s largest shipping company, has been left desperately scrambling to rename and offload its vessels to dodge UK sanctions. Today we have targeted even more of its ships, further turning the screw on the mechanisms the Kremlin uses to fund its illegal war.  

    Alongside action against the shadow fleet, the UK is sanctioning 4 more LNG tankers and Russian gas company Rusgazdobycha JSC. We are continuing to ratchet up pressure on the beleaguered Russian gas industry, with flagship company Gazprom posting a significant net loss of $6.9 billion in 2023 – its first annual loss in more than 20 years.

    Foreign Secretary, David Lammy said:

    We must combat malign Russian activity at every turn, whether illicit tactics to bolster Putin’s war chest, their use of cyber-attacks or barbarism on the front line in Ukraine. 

    The UK is leading the charge against Putin’s desperate and dangerous attempts to cling on to his energy revenues, with his shadow fleet placing coastlines across Europe and the world in jeopardy. 

    I have made it my personal mission to constrain the Kremlin, closing the net around Putin and his mafia state using every tool at my disposal.

    This new shadow fleet package comes in the weeks following recent UK actions to sanction both Russian cyber-crime gang Evil Corp, and Russian troops found to be using chemical weapons on the front lines in Ukraine. It represents the latest in a drumbeat of activity, with each package designed to target a distinct aspect of Russia’s malign behavior and reinforce the UK’s commitment to global security and the rule of law.

    Background

    Sanctioned today are: 

    • NS BORA (IMO 9412335) 

    • ATLAS (IMO 9413573) 

    • MOSKOVSKY PROSPECT (IMO 9511521) 

    • NS ARCTIC (IMO 9413547) 

    • CALLISTO (IMO 9299692) 

    • SCF BAIKAL (IMO 9422457) 

    • SCF SAMOTLOR (IMO 9421972) 

    • SUVOROVSKY PROSPECT (IMO 9522324) 

    • EASTERN PEARL (IMO 9285859) 

    • KUDOS STARS (IMO 9288710) 

    • SEA FIDELITY (IMO 9285835) 

    • STRATOS AURORA (IMO 9288708) 

    • TURBO VOYAGER (IMO 9299898) 

    • AZURE CELESTE (IMO 9288722) 

    • VARUNA (IMO 9332810) 

    • SAI BABA (IMO 9321691) 

    • ARTEMIS (IMO 9317949) 

    • ANTAEUS (IMO 9299733) 

    • MARSHAL VASILEVSKIY (IMO 9778313) 

    • VELIKIY NOVGOROD (IMO 9630004) 

    • MULAN (IMO 9864837) 

    • EVEREST ENERGY (IMO 9243148) 

    • RUSGAZDOBYCHA JSC 

    Today’s announcement comes as the United States and Canada have united in support of the European Political Community (EPC) Call to Action , demonstrating their shared determination to address the risks that the shadow fleet poses to the environment, maritime safety and security in Europe and beyond, the integrity of international seaborne trade, and respect for international maritime law. 

    Separately, the UK is taking steps to combat malign, Russian-backed maritime activity near the UK:  

    • The Department for Transport is working alongside the Joint Maritime Security Centre (JMSC) and the Maritime and Coastguard Agency (MCA) to challenge shadow fleet vessels with suspected dubious insurance to provide details of their insurance status as they pass through the English Channel. 

    • Any actor that facilitates and supports Russia’s malign activities could be exposing themselves to sanctions

    Ships specified under the Russia (Sanctions) (EU Exit) Regulations 2019 are prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. In addition, the Oil Price Cap exception is not applicable to services in relation to specified ships, or to the supply or delivery of Russian oil or oil products in specified ships 

    The Office for Financial Sanctions Implementation has published guidance on the Russian Oil Services ban. Limited exceptions apply and licences may be granted for specified ships, as set out in Part 7 of the Russia (Sanctions) (EU Exit) Regulations 2019

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Levelling Up Home Building Fund: Esquire Developments Ltd

    Source: United Kingdom – Executive Government & Departments

    How Homes England supported an ambitious developer based in Kent.

    Levelling Up Home Building Fund Developer Case Study: Esquire Developments Ltd

    Esquire Developments Ltd, an award-winning SME housebuilder, was established in 2011 and currently delivers approximately 120 homes annually across Kent and the South East.

    Esquire Developments approached Homes England to support their project Millers Field, a 1.21-acre site in Maidstone, Kent and we provided a £2.68 million loan to transform the site into 9 attractive family homes.

    Esquire Developments is known for its dedication to quality and sustainability, achieving up to 50% carbon reduction in their developments compared to current building standards. They also prioritise sourcing materials and supply chains locally, and all the homes in this project were equipped with air source heat pumps and electric vehicle charging stations.

    Following the successful completion of Millers Field, Homes England has supported Esquire Developments with a second scheme, Hill Farm in Sittingbourne, which is made up of 30 homes, 3 key worker homes and an overflow carpark for Demelza Children’s Hospice situated next to the development.

    More information about the Levelling Up Home Building Fund can be found on our Levelling Up Home Building Fund — development finance page, and you can also arrange a call with one of our regional specialists by: 

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Europe: Audience with a delegation of Ministers participating in the G7 Meeting on Inclusion and Disability

    Source: The Holy See

    Audience with a delegation of Ministers participating in the G7 Meeting on Inclusion and Disability, 17.10.2024
    This morning, in the Vatican Apostolic Palace, the Holy Father Francis received in audience the participants in the G7 Meeting on Inclusion and Disability, to whom he delivered the following address:

    Address of the Holy Father
    Distinguished Ministers and Delegates,Ladies and Gentleman,
    Excuse me for being late, but there were many things happening this morning. I greet all of you with gratitude and appreciation for your efforts to promote the dignity and rights of people with disabilities. When I was once speaking about people with disabilities, someone said to me, “be careful because we all have a disability!” All of us. It is true. This meeting, on the occasion of the G7, is concrete evidence of the desire to build a more just and inclusive world, in which each person, with his or her own abilities, can live to the full and contribute to the growth of society. Instead of speaking about disabilities, let us speak about different abilities because everyone has abilities. For example, I remember a group from a restaurant that visited here, which included both the cooks and waiters, and all of them were young men and women with disabilities. They all worked very well. I thank the Italian Minister for Disabilities, the Honourable Alessandra Locatelli, who is present today, for promoting this important initiative. Thank you.
    Yesterday you signed the “Charter of Solfagnano”, the fruit of your work on such fundamental issues as inclusion, accessibility, independent living and the empowerment of persons. These themes are also present in the Church’s vision of human dignity. Indeed, every person is an integral part of the universal human family, and no one should fall victim to a throwaway culture, absolutely no one. This type of culture generates prejudice and damages society.
    First, the inclusion of persons with disabilities must be recognized as a priority by all countries. I do not like the word “disability”, I prefer “differently abled”. Sadly, even today in some countries people find it hard to acknowledge the equal dignity of such persons (cf. Fratelli Tutti, 98). Creating an inclusive world entails not only adapting structures but also changing minds, in order that people with disabilities may considered full participants in social life. There can be no authentic human development without the involvement of the most vulnerable members of society. Universal accessibility is thus a great goal to be pursued, so that every physical, social, cultural and religious barrier may be eliminated and every individual can be enabled to develop his or her talents and contribute to the common good at every stage of life, from childhood to old age. It pains me when people live in a culture that discards old people. Old people offer wisdom but they are discarded as if they were a pair of old shoes.
    Providing adequate facilities and services for people with disabilities is not only a matter of social assistance – it is not a policy of welfare – but it is about justice and respect for their dignity. All countries have the responsibility of ensuring the necessary conditions for the integral development of each individual within inclusive communities (cf. Fratelli Tutti, 107).
    It is important, then, to work together in making it possible for persons with disabilities to choose their own path in life, free of the fetters of prejudice. The human person – let us remember – must never be a means but always an end! This means enhancing each person’s abilities and providing opportunities for dignified employment. Excluding people from the possibility of work is a grave form of discrimination (cf. Fratelli Tutti, 162). Work is the anointing of dignity. If you exclude the possibility, you take that away from them. The same thing can be said with regard to participation in cultural events and sporting activities: excluding people with disabilities is an affront to human dignity.
    The new technologies can also prove to be a powerful means for increasing inclusion and participation, provided they are made accessible to everyone. These technologies need to be directed towards the common good and placed at the service of a culture of encounter and solidarity. Technology ought to be used wisely, in order to avoid creating further inequalities and to help overcoming those that already exist.
    Finally, in speaking of inclusion, we must take into account the urgent needs of the earth, our common home. We cannot be indifferent to the humanitarian emergencies linked to climate crises and conflicts, which have the greatest impact on those who are most vulnerable, including persons with disabilities (cf. Laudato Si’, 25). It is our duty to ensure that those with disabilities are not left behind in such situations, and that they are properly cared for and protected. What is needed is a system of prevention and emergency response that takes into account their specific needs and guarantees that no one is excluded from protection and assistance.
    Ladies and Gentlemen, I view your work as a sign of hope for a world that all too often disregards people with disabilities or unfortunately rejects them away before they are born, “returning them to the sender” after seeing a scan. I urge you to persevere in your efforts, inspired by faith and the conviction that each person is a precious gift to society. Saint Francis of Assisi, who bore witness to a boundless love for the most vulnerable, reminds us that true wealth is found in our encounter with others – this culture of encounter needs to be developed – especially with those who tend to be “discarded” by an ersatz culture of wellbeing. Among those who are victims of being discarded are grandparents. Grandparents and elderly are left in nursing homes. This is a very bad thing. It reminds me of a good story. There was a grandfather who lived with his family, but as he grew older, he would make a mess while eating. One day the father made a separate table in the kitchen and told his son, “Grandpa will eat in the kitchen, so that we can invite guests”. After some time passed, the father came home from work to find his five-year-old son playing with tables. He asked him, “What are you doing?”. The son replied “I’m making a small table”. “A small table? Why?”, asked the father. The son replied, “for you dad, for when you become old”. What we do with old people, our children will do with us. Let us not forget that. Together we can build a world in which the dignity of each person is fully recognized and respected.
    May God bless you and always accompany you in this important undertaking. Thank you.

    MIL OSI Europe News

  • MIL-OSI Europe: Informal meeting in Brussels on migration and innovative solutions

    Source: Government of Italy (English)

    The President of the Council of Ministers, Giorgia Meloni, together with the Danish Prime Minister, Mette Frederiksen, and the Dutch Prime Minister, Dick Schoof, held an informal meeting this morning with some of the Member States that have the most interest in the migration issue and in particular the matter of innovative solutions. 

    In addition to Italy, Denmark, the Netherlands and the European Commission, the meeting was also attended by the leaders of Austria, Cyprus, Czech Republic, Greece, Hungary, Malta, Poland and Slovakia.

    In particular, European Commission President Ursula von der Leyen outlined the main points of action indicated in Monday’s letter on migration, including the matter of innovative solutions.

    President Meloni presented the Italy-Albania agreement, the day after the first irregular migrants arrived at the port of Shengjin, underlining its role in the fight against human traffickers.

    The leaders’ discussion focused on the ‘safe third country’ concept ahead of implementation of the rules under the new Pact on Migration and Asylum and on cooperation along the migration routes with the UNHCR and IOM regarding assisted voluntary returns, as well as on ‘return hubs’.

    The leaders in attendance agreed to continue to maintain close operational coordination, also in view of the next European Council meetings, with the aim of strengthening the European Union’s migration policy and making it increasingly effective.

    MIL OSI Europe News

  • MIL-OSI USA: Statement from Vice President Kamala  Harris on One Million Public Service Workers Receiving Student Debt  Cancellation

    US Senate News:

    Source: The White House
    Higher education should be a pathway to economic opportunity – not a lifetime of debt. That is why I have fought to make education more affordable and reduce the burden of student debt throughout my career.
    When President Biden and I took office, only 7,000 people had ever been approved for Public Service Loan Forgiveness. Today, I am proud to say that a record one million teachers, nurses, first responders, social workers, and other public service workers have received student debt cancellation. As I travel our nation, I meet many of these public servants who say they now have more money in their pocket to put towards buying a home, renting an apartment, getting a car, starting a family, and saving up for the future.
    Our Administration has forgiven over $170 billion in student debt for nearly five million people throughout the country — more than any Administration in history. And while Republican elected officials do everything in their power to block millions of their own constituents from receiving this much needed economic relief, I will continue our work to lower costs, make higher education more affordable, and relieve the burden of student debt. I am fully committed to doing what is necessary to build an economy that works for every American.

    MIL OSI USA News

  • MIL-OSI Germany: Together for Frankfurt: New corporate initiative supports social projects in the city’s station district

    Source: Deutsche Bundesbank in English

    A joint initiative by companies and institutions based in and around Frankfurt’s Bahnhofsviertel – the district surrounding its central railway station – intends to help improve the difficult situation in the area. Known as the BHV corporate initiative (BHV being an acronym for Bahnhofsviertel), it aims to make a positive contribution to the district and support selected social projects through constructive dialogue with the city. Representatives of the participating companies presented the initiative at a joint event today with Frankfurt’s mayor Mike Josef. Speaking at the K9 advice centre, one of the welfare facilities to receive financial support from the BHV corporate initiative, they reaffirmed their commitment to the district and called for further intensive efforts to find solutions to the area’s problems.
    Mayor Josef highlighted the following: When I took office one and a half years ago, a particularly important topic was the situation in the station district. And it remains so to this day. The many meetings I have had over the past few months have included conversations with companies, their representatives and employees based in or near the station district. It has become clear that the situation in the district needs to change. He went on to say: I am pleased that many conversations have been very constructive. With the BHV corporate initiative, several companies and institutions have decided to provide financial support to social facilities in the station district. I would like to take this opportunity to express my sincere thanks for this.
    We have joined forces in a cross-sectoral initiative to improve the situation in the station district for people who spend time here for a multitude of different reasons. We want to achieve this by supporting tangible projects, said Stephan Bredt, chief operating officer at the Bundesbank, one of the institutions bringing ideas to the joint initiative. The Bundesbank, which has offices in and around the station district, is happy to contribute to its success by getting involved and providing good ideas. We see ourselves at the beginning of a long-term undertaking and invite other interested parties to join in.
    The BHV corporate initiative, which currently comprises eleven companies and institutions with around 26,000 employees in and around the station district, is supporting various aid projects for people in need. Indirectly, these may also help to improve the district’s appearance. In a first step, the initiative will support four facilities in the district with funding of €100,000 each:
    The K9 advice centre for projects that help people with drug addiction regain a foothold in labour market;
    La Strada drug help centre to extend and renovate its community café and drug consumption rooms and expand its provision of medical care;
    The night café on Moselstrasse to provide warm meals for people battling addiction;
    Malteser Werke to expand their emergency medical service in the district as part of their proactive social work.
    As a gateway to the city, the station district has great economic, cultural and social potential. In order to harness this, the current problems need to be tackled on a lasting basis, said Christian Sewing, CEO of Deutsche Bank, speaking on behalf of the companies involved. We welcome the initiative of the mayor and the municipal administration of Frankfurt to develop and implement forward-looking solutions for the station district. It is important that initial improvements are now quickly followed by further tangible steps. As corporate citizens, we want to exercise our social responsibility and make an active contribution to improving the situation and unlocking the district’s full potential.
    The participants of the BHV initiative are making a long-term commitment. In addition to the specific financial support to social facilities provided by the companies involved, the initiative aims to liaise closely with the city on the progress made in the district. Moreover, participants are harnessing the initiative to improve the exchange of information with regard to the challenges and opportunities in the district. Other companies and institutions that would like to get involved are welcome to join at any time.
    Current participants
    Bank of America
    Deutsche Bundesbank
    Deutsche Bank
    Deutsche Vermögensberatung
    DWS
    DZ Bank
    Frankfurter Volksbank Rhein-Main
    Helaba
    Merz Pharma
    Momeni Group
    Nestlé Deutschland

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    MIL OSI German News

  • MIL-OSI United Kingdom: CMA response to Consumer Scotland’s call for information: ‘Converting Scotland’s home heating’

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    The Competition and Markets Authority (CMA) has published its response to Consumer Scotland’s call for information, as part of Consumer Scotland’s review of consumer protection frameworks in the market for energy efficiency and low carbon heating products.

    Documents

    Details

    The CMA has published its response to Consumer Scotland’s call for information, as part of Consumer Scotland’s review of consumer protection frameworks in the market for energy efficiency and low carbon heating products. 

    Our response was informed by our own review of consumer protection in the UK green heating and insulation sector. It focuses on our key findings and recommendations, and our further work to build additional consumer confidence.

    We will continue to co-operate with Consumer Scotland as its investigation progresses.

    Updates to this page

    Published 17 October 2024

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New animation spotlights young carers as city-wide strategy is launched to advance support

    Source: City of Manchester

    A brand-new animation about the lived experiences of young carers has premiered to a theatre audience as a revamped strategy to ensure they receive more support will be rolled-up out across the city.  

    The short video, created by former Manchester Metropolitan University student Yasmin Lee, was shown to a packed-out audience at HOME theatre which spotlights primary age children who have been identified as young carers through their schools and communities.  

    A young carer is usually someone under the age of 18, who has the responsibility of providing care for a loved-one who has a disability, illness or mental health condition. However, the definition can take various forms depending on the relationship to the carer and specific caring needs. 

    The animation aims to help raise awareness of how schools and organisations that work with children and young people can implement new ways of support, breaking down stigma and celebrating their efforts.  

    The Young Carers Strategy 2024-2028 is a refresh of the previous strategy which outlines an approach that is informed by the voice of Young Carers and is underpinned by a partnership approach. 

    The strategy emphasises the rights of Children and young people to assessment and support and continues to work with all Manchester schools and settings as well as Youth and Play providers to develop their offer of support for Young Carers. 

    The strategy advocates for the introduction of Young Carer Champions, which is a member of staff who can help young carers and inform other staff and pupils about what young caring is to stamp out misconceptions and tailor the right support for each pupil. 

    There are already 187 schools in Manchester that have designated Young Carers Champion. 

    The Young Carers in Schools Awards has also been created in schools to ensure that social workers, early years practitioners and all organisations that work with children and young people have the tools, resources and skills to support children with caring responsibilities, while also celebrating their hard-work and commitment to their loved-ones.  

    More information about young carers is available at Young Carers and the animation about the Young Carers Strategy can be watched online.  

    Councillor Julie Reid, Executive Member for Early Years, Children and Young People, said: “It is important that children and young people who identify as young carers feel supported and celebrated.  

    “The updated Young Carers Strategy for Manchester aims to improve the experience of young carers in our city through collaboration with vital services such as schools and early years practitioners. 

    “It is great to see young carers proudly represented in this new animation which we hope will continue to inspire and educate people about the experience of young carers.” 

    MIL OSI United Kingdom

  • MIL-OSI: Axi Celebrates Having Over 17,000 Axi Select Traders Within One Year Of Launch

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Oct. 17, 2024 (GLOBE NEWSWIRE) — Leading global Forex and CFD broker Axi celebrates the one-year anniversary of the launch of their pioneering capital allocation program, Axi Select. Per the broker, Axi Select breaks away from traditional norms in the prop trading industry; instead, it stands out as the first funded trader-centric program that provides traders with a fair and realistic opportunity to progress into professional trading.

    Indeed, Axi Select seems to have refined the existing models to one that invests in the trader’s potential. Greg Rubin, Head of Axi Select, says: “This past year, we’ve seen Axi Select really stand out among other similar programs by providing real opportunities for success and growth.” The program offers talented traders a pathway to access capital funding up to $1,000,000 USD and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Moreover, Axi Select uses a Standard or a Pro live account, unrestrictive trading conditions, and a suite of tools to help traders on their trading journey.

    The reception of the program has been phenomenal – since its launch in 2023, over 17,400 traders have joined Axi Select. Per Axi, September was a record month for Axi Select as the one-year celebration came with over $440K in trader payouts. Seasoned trader Moises C. comments on the program: “Axi Select’s leading and professional capital allocation program offers unmatched returns for traders. I believe it to be a benchmark of excellency within the industry that has transformed my life.

    To celebrate their one-year anniversary, Axi hosted an insightful discussion where Greg Rubin answers the most frequently Axi Select questions asked over the past year. You can view the video here: https://youtu.be/IZKwiox88I8.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    Contact: mediaenquiries@axi.com

    *Standard trading fees apply.

    The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.

    The MIL Network

  • MIL-OSI: Beam Global Launches BeamWell™ Water Desalination and Delivery System to Provide Clean Water and Electricity in Crisis Zones

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamWell™ water desalination and e-mobility delivery system. This solution is designed to address critical needs for clean drinking water, mobility and electricity in regions facing humanitarian crises.

    The BeamWell™ product is based on the patented EV ARC™ system and is a self-sufficient, self-contained operational system for use in war zones and remote or disaster areas where only salt, brackish or dirty water is available because a reliable clean water supply is not available or has been interrupted. The BeamWell™ system provides three essential services to regions in crisis: it turns seawater into fresh water, which is then stored in an integrated 3000-liter tank that is replenished daily; it provides a source of electricity which can be used for medical or communications devices as well as cooking and lighting; and it charges four integrated and bundled Benzina Zero electric mopeds for the rapid distribution of food, water, medications or other vital resources, to those in need.

    “We are living in unprecedented times when wars and natural disasters such as the recent hurricanes in the U.S. are becoming commonplace,” said Desmond Wheatley, CEO of Beam Global. “At the same time 40% of the world’s population lives by the sea and in areas which are most prone to natural disasters. By providing a container-transportable, rapidly deployed, off-grid power source paired with desalination and e-mobility, we are addressing three of the most essential needs in crisis situations: clean water, reliable power and the means to distribute aid. Beam Global is on a mission to make a real difference in the lives of those who are suffering.”

    Enabled by Beam Global’s patented EV ARC™ platform, the BeamWell™ system is completely self-contained, shipping-container-transportable, and deploys in minutes with no construction, no electrical work and no requirement for any supporting infrastructure. It can be relocated as water supply challenges fluctuate. Beam Global EV ARC™ technology, which has already been successfully deployed thousands of times worldwide, uses patented tracking solar technology to generate and store clean energy for e-mobility. The BeamWell™ solution will also use this renewable energy to desalinate water and provide power and a means of delivering aid.

    Recent estimates suggest around 60 million people in the Middle East and North Africa (MENA) lack access to clean and safe drinking water. As of October 2024, the water crisis in Gaza is severe, with nearly 2.3 million residents facing restricted access to clean water due to the ongoing conflict and damage to water infrastructure. This lack of access to clean water is contributing to a public health crisis, as waterborne diseases are spreading rapidly. Aid deliveries have included water, but the quantities are grossly insufficient to meet the needs of the entire population​, and many organizations are having trouble providing continued support throughout the region during the prolonged conflict.

    Beam Global is finalizing deployment plans, with the first BeamWell™ systems expected to be delivered to the Middle East through global aid organizations as soon as possible. This U.S.-based company’s collaboration with governments, NGOs and other international partners represents a significant step toward addressing urgent needs in regions affected by conflict and humanitarian crises.

    For more information on the BeamWell™ water treatment system contact the Beam Team at BeamTeam@BeamForAll.com.  

    About Beam Global

    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).

    Forward-Looking Statements

    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact:
    Skyya PR
    +1 651-335-0585
    Press@BeamForAll.com

    Investor Relations:
    Core IR
    +1 516-222-2560
    IR@BeamForAll.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ecc68fa3-dd8d-430e-a9c6-41ed4143d62d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9d93d87a-8cd6-488e-adec-1ec911d01850

    The MIL Network

  • MIL-OSI Banking: Brazil’s Prosecutor General requests the closure of unfounded investigation into Transparency International

    Source: Transparency International

    Brazil’s Prosecutor General, Paulo Gonet, has requested the dismissal of an investigation into Transparency International, citing a lack of evidence and the absence of concrete facts indicating any criminal conduct.

    The investigation was based on false claims that Transparency International received funds from leniency agreements related to Operation Car Wash, a probe that exposed a vast corruption scheme within Brazilian state-owned enterprises nearly a decade ago.

    In February, the Supreme Court Justice Dias Toffoli ordered an investigation into Transparency International, just a week after Transparency International published its 2023 Corruption Perceptions Index, which highlighted setbacks in Brazil’s fight against corruption. The analysis specifically drew attention to Justice Dias Toffoli’s recent decision to invalidate evidence and suspend fines for corruption involving the large Brazilian companies Odebrecht (now Novonor) and J&F.

    The Prosecutor General’s decision this week to request the dismissal of the case is also based on the lack of jurisdiction of the Supreme Court and, in particularly Justice Toffoli, to investigate such allegations. This raises concerns about a growing trend of baseless attacks targeting civil society organisations that work to expose corruption in Brazil.

    François Valérian, Chair of Transparency International, said:

    “The attacks against Transparency International in Brazil, as in other parts of the world, are a direct response to our actions exposing corruption and underscore the importance of our work in confronting powerful interests.

    “However, this should never be normalised or tolerated. The freedom and safety of activists and other professionals working in the public interest, such as investigative journalists, are fundamental elements of a democracy.”

    Bruno Brandão, Executive Director Transparency International Brazil, said:

    “Baseless attacks will not silence Transparency International Brazil and our mission to fight corruption. Our resolve is stronger than ever, and we will continue to expose wrongdoing, advocate for the protection of civic space and the rights of citizens and civil society to express their concerns and demand justice.”

    Note to editors

    See also:

    • Transparency International Brazil’s statement.

    MIL OSI Global Banks

  • MIL-OSI: Carbon Streaming Initiates Claims in Connection With the Rimba Raya Project

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today announces that on October 16, 2024 it initiated arbitration proceedings and an Ontario court action to enforce its legal and contractual rights under the Rimba Raya PSA (as defined below). The Company had previously indicated that it would be evaluating all legal avenues to enforce its legal and contractual rights under the Rimba Raya PSA, the SAA (as defined below) and related agreements. Initiating the arbitration proceedings and the Ontario court action are an important step in preserving the Company’s legal and contractual rights.

    The Company delivered a Notice of Arbitration to Infinite-Earth Limited and PT Infinite Earth Nusantara, the operators of the Rimba Raya project (“Infinite-Earth”) in accordance with the purchase and sale agreement between the Company and Infinite-Earth dated July 30, 2021, as amended on February 28, 2023 (the “Rimba Raya PSA“); a Notice of Arbitration to the shareholders of Infinite-Earth Limited in accordance with the strategic alliance agreement between the Company and the shareholders of Infinite-Earth Limited dated July 30, 2021, as amended on November 17, 2021 (the “SAA”); and issued a Notice of Action in the Ontario Superior Court of Justice seeking declaratory relief against the principals of Infinite-Earth Limited and their related entities.

    The dispute between the Company, Infinite-Earth, and the principals of Infinite-Earth Limited arises out of acts and omissions that the Company alleges are improper and in breach of the Rimba Raya PSA, the SAA, and related agreements.

    On April 26, 2024, the Company announced that it was informed that PT Rimba Raya Conservation (“PT Rimba”), the local concession holder for the Rimba Raya project, had its Forest Utilization Business License (the “Concession License”) revoked by the Indonesian Government’s Ministry of Environment and Forestry (the “MOEF”). On May 15, 2024, the Company announced its financial results for the three months ended March 31, 2024, and determined the fair value of the Rimba Raya PSA to be nil. On July 11, 2024, the Court reached a decision on the claim filed by PT Rimba against the MOEF before the State Administrative Court of Jakarta (the “Court of Jakarta”) challenging the MOEF’s revocation of the Concession License and declared the MOEF’s revocation of the Concession License to be void. The MOEF subsequently appealed the Court of Jakarta’s decision, and on September 30, 2024, the Court of Jakarta upheld its decision. The MOEF has until Friday, October 18, 2024, to initiate an appeal to overturn the decision to the Supreme Court of Jakarta.

    For a comprehensive discussion regarding the risks, assumptions and uncertainties that could further impact the Rimba Raya project and the Rimba Raya PSA, including without limitation, concerning the legal status of the Concession License and the Rimba Raya PSA, investors are urged to review the section of the Company’s management’s discussion and analysis for the three months ended June 30, 2024 dated as of August 12, 2024 entitled “Strategy and Outlook – Indonesia Update”, the section of the Company’s Annual Information Form dated as of March 27, 2024 entitled “Risk Factors” and the press releases dated April 26, 2024, May 15, 2024 and May 21, 2024, copies of which are available on SEDAR+ at http://www.sedarplus.ca.

    About Carbon Streaming

    Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.

    The Company’s focus is on projects that have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. The Company has carbon credit streams and royalties related to over 20 projects around the world, including high-integrity removal, reduction and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.

    To receive corporate updates via e-mail, please subscribe here

    ON BEHALF OF THE COMPANY:
    Christian Milau, Interim Chief Executive Officer
    Tel: 647.846.7765
    info@carbonstreaming.com
    http://www.carbonstreaming.com

    Investor Relations
    investors@carbonstreaming.com

    Media
    media@carbonstreaming.com

    Advisories

    The references to third party websites and sources contained in this news release are provided for informational purposes and are not to be considered statements of the Company.

    Cautionary Statement Regarding Forward-Looking Information

    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation: statements regarding acts and omissions of Infinite-Earth and the shareholders and principals of Infinite-Earth Limited; and statements with respect to the status of the Concession License held by PT Rimba with the MOEF.

    When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the outcome of the final ruling with respect to the revocation of the Concession License held by PT Rimba; general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change, carbon credits and ESG initiatives and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; limited operating history for the Company’s current strategy; risks arising from competition and future acquisition activities; concentration risk; inaccurate estimates of growth strategy; dependence upon key management; impact of corporate restructurings; reputational risk; failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of March 27, 2024 filed on SEDAR+ at http://www.sedarplus.ca.

    Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

    The MIL Network

  • MIL-OSI United Kingdom: Department for Education establishes Science Advisory Council

    Source: United Kingdom – Executive Government & Departments

    New team of experts to provide the latest scientific advice across a range of specialisms to support the department’s work.

    A panel of scientific experts is set to provide education policy makers with advice on strategic and emerging issues through a new Science Advisory Council, the Department for Education announced today (Thursday 17 October). 

    Professor Russell Viner, the Department for Education’s Chief Scientific Adviser, has established a team of 12 experts with a range of specialisms to ensure access to the best and latest scientific advice – helping the department’s work to break down the barriers to opportunity by protecting children and ensuring the delivery of higher standards of education, training and care. 

    Led by Professor Dame Athene Donald as chair, the independent panel will provide scientific advice to the Department for Education on matters relevant to its policy and operations. This will include areas such as early identification and support of children with Special Educational Needs and Disabilities (SEND), mental health support, online harms prevention, a sustainable and secure school estate and Artificial Intelligence and education technology.  

    The Council will also work with the Chief Scientific Adviser to identify and share emerging scientific trends with officials and facilitate effective links between the department and the wider scientific community. 

    Professor Russell Viner, Chief Scientific Adviser at the Department for Education, said: 

    We are the department for opportunity, working to deliver better life chances for all – and that means being at the forefront of cutting-edge scientific evidence to ensure we are doing everything we can to break the link between background and success. 

    We must keep pace with technological and scientific advancements if we are to deliver the highest standards for the people we serve. Science alone can’t address the challenges the department faces – but it can inform robust, evidence-informed decision making.

    Chair Professor Dame Athene Donald, Professor Emerita of Experimental Physics and former Master of Churchill College, University of Cambridge, will be supported by Deputy Chair, Professor Mark Mon-Williams. Mark is the Chair of Cognitive Psychology at the University of Leeds and the Founder Director of the Centre of Applied Education Research. 

    The other ten members have expertise in fields including economics, social science, statistics, operational research and engineering, physical and life sciences, ethics, and data science. Between them they have worked on studies looking at school health interventions, the impact of AI on learning, how digital technologies affect adolescent mental health, how childhood circumstances influence child development and early interventions. 

    Plenary meetings will be held quarterly and will include attendance by the Chief Scientific Adviser, a non-executive board member and other relevant officials. Smaller, task-relevant meetings and workshops will occur as needed in response to departmental requests and needs.

    The panel members are: 

    • Chair: Professor Dame Athene Donald, DBE, FRS, Professor Emerita of Experimental Physics and former Master of Churchill College, University of Cambridge.  

    • Deputy Chair: Professor Mark Mon-Williams, Chair of Cognitive Psychology, University of Leeds.  

    • Professor Chris Bonell, Professor of Public Health & Sociology, London School of Hygiene and Tropical Medicine.  

    • Professor William J. Browne, Professor of Statistics & Head of the School of Education, University of Bristol.  

    • Dr Claire Crawford, Associate Professor at the Centre for Education Policy and Equalising Opportunities, University College London.  

    • Michael Cribb, Chartered Structural Engineer and Associate Director, Arup.  

    • Dr Dougal Hargreaves, Houston Reader in Paediatrics & Population Health, Imperial College London.  

    • Dr Sonya Krutikova, Associate Professor of Economics, University of Manchester, & Deputy Research Director, Institute for Fiscal Studies.  

    • Professor Rose Luckin, Professor Emeritus of Learner Centred Design, University College London.  

    • Dr Amy Orben, Leader of the Digital Mental Health Group at the MRC Cognition and Brain Sciences Unit, University of Cambridge.  

    • Professor Paul Ramchandani, LEGO Professor of Play in Education, Learning and Development, University of Cambridge. 

    • Professor Michael J. Reiss, Professor of Science Education at the Institute of Education, University of London & University College London.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Europe: Germany: EIB backs Vay’s launch of teledriven car-sharing services

    Source: European Investment Bank

    Vay

    • The EIB is lending €34 million to German remote-driving company Vay.
    • Berlin-based Vay is set to launch commercial services in Europe.
    • The investment is backed by the European Union’s InvestEU guarantee programme.

    The European Investment Bank (EIB) is lending €34 million to German teledriving technology startup Vay to help it develop its operations in Europe. The EIB loan will enable the Berlin-based company to accelerate the development of technology that enables a vehicle to be safely driven on city streets by a professionally trained human driver located at a remote teledrive station. Vay launched its first commercial service in the US city of Las Vegas in January 2024.

    Vay plans to offer door-to-door car sharing in more cities in Europe and North America, while it also develops business-to-business partnerships with car manufacturers and other strategic players in the sector. 

    “This investment once again demonstrates our commitment to supporting European tech pioneers with global ambitions, like Vay,” said EIB Vice-President Nicola Beer. “Developed here in Europe, their innovative technology opens up new ways to make passenger and goods transport more efficient while delivering clean, efficient and inclusive urban mobility in our cities.”

    Vay’s technology enables professionally trained teledrivers to drive vehicles to the customer’s pick-up location remotely. Once the car arrives, the user takes manual control and drives as with any regular vehicle. After the journey is complete, the user can exit without worrying about parking because a teledriver handles parking or drives the car to the next customer. The system offers more sustainable, door-to-door mobility at half the cost of traditional ride-hailing.

    Teledriving provides the distinct advantage of having a human driver remotely controlling the vehicle in real-time. As a result, the system of teledriven cars is simple to operate and offers a wide range of capabilities. This is different from fully autonomous vehicles, which face a greater number of technical and legal complexities.

    “We are proud that EIB has decided to invest in Vay as these funds will be instrumental in further developing our technology and supporting the company’s growth,” said Co-founder and Chief Executive Officer of Vay Thomas von der Ohe. “We share the same goal and are committed to promoting economic development within the European Union. Moreover, this investment will play a crucial role in strengthening the confidence and trust that EU regulators, partners and consumers have in Vay, paving the way for the commercial rollout of our services in European cities.”

    Vay is the only company in Europe to operate on public roads without a safety driver. At the start of 2024, it expanded its reach by launching a commercial teledriving service in Las Vegas, establishing itself as a pioneer in teledriven vehicles. Committed to creating safer, more sustainable and liveable cities, Vay leverages its teledriving technology to optimise the use of its electric fleet – potentially reducing the number of cars on roads.

    Vay is actively engaging with several cities and states across Europe and the United States to explore future launches of its teledriving service. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg, Germany. Following that significant milestone, Vay has been working closely with German authorities to prepare for the commercial launch of its service in Hamburg.

    The EIB loan is supported by the European InvestEU programme, which aims to trigger more than €372 billion in additional investment in new technologies until 2027. The deal is aligned with the InvestEU objective of promoting research, development and innovation.

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Its key priorities are climate and the environment, development, innovation and skills, small and medium companies (SMEs), infrastructure and cohesion. It works closely with other EU institutions to foster European integration, promote the development of the European Union and support EU policies in more than 140 countries worldwide.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    EIB venture debt is a quasi-equity investment product suitable for early and growth stage ventures, combining a long-term loan with an instrument linking the return to the performance of the company. The EIB has made over  100 venture debt investments since 2015 across Europe, totalling over €2.1  billion. With the backing of InvestEU, the EIB aims to support European ventures and scale-ups in the cleantech, deeptech and life sciences sectors.

    Vay develops automotive-grade technology for remote driving (“teledriving”), paving the way for sustainable and driverless mobility services. In February 2023, Vay became Europe’s first and only company to operate driverless vehicles on public roads. In January 2024, Vay launched its first commercial mobility service in Las Vegas, USA. Founded in Berlin in 2018 by Thomas von der Ohe, Fabrizio Scelsi, and Bogdan Djukic, Vay has 150+ employees and offices in Berlin, Hamburg, and Las Vegas, USA.

    Vay raised a USD 95m Series B funding round, attracting investors worldwide. These include Kinnevik, Coatue, Eurazeo, Atomico, La Famiglia, and Creandum, as well as prominent business angels such as former Alphabet CFO Patrick Pichette, former member of the Management Board for R&D, Design, CTO of Audi Peter Mertens and Spotify’s Chief Technology & Chief Product Officer Gustav Söderström. In 2024, Vay received a EUR 34m investment from the European Investment Bank (EIB).

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0121/2024

    Source: European Parliament

    B10‑0121/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union, in particular Article 168 thereof,

     having regard to the Charter of Fundamental Rights of the European Union, in particular Article 35 thereof,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC[1] (MDR),

     having regard to Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices and repealing Directive 98/79/EC and Commission Decision 2010/227/EU[2] (IVDR),

     having regard to Regulation (EU) 2020/561 of the European Parliament and of the Council of 23 April 2020 amending Regulation (EU) 2017/745 on medical devices, as regards the dates of application of certain of its provisions[3],

     having regard to Regulation (EU) 2023/607 of the European Parliament and of the Council of 15 March 2023 amending Regulations (EU) 2017/745 and (EU) 2017/746 as regards the transitional provisions for certain medical devices and in vitro diagnostic medical devices[4],

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas medical devices play a pivotal role in the healthcare industry, facilitating the diagnosis, prevention, monitoring and treatment of various medical conditions;

    B. whereas people rely on these devices every day and expect them to be safe, available and affordable;

    C. whereas after a series of scandals, in which patient safety was jeopardised for profits, including cases of leaking breast implants, the new MDR and IVDR were agreed;

    D. whereas these regulations updated the rules on the placing on the market of medical devices for human use and their accessories, as well as the rules for making such devices and accessories available on the market and putting them into service in the EU; whereas they also contain rules on how clinical investigations concerning such devices and accessories are carried out in the EU;

    E. whereas the main aim of the regulations is to improve patient safety by introducing more stringent procedures for conformity assessment (to ensure that unsafe or non-compliant devices do not end up on the market) and post-market surveillance;

    F. whereas in 2020, amending Regulation (EU) 2020/561 was adopted to allow EU Member States and their authorities and institutions to prioritise the fight against the COVID-19 pandemic; whereas the application of certain of the MDR’s rules was deferred by one year to ensure the smooth functioning of the EU’s internal market, to maintain a high level of public health protection and patient safety, to provide legal certainty and to avoid potential market disruption during the pandemic;

    G. whereas in 2023, amending Regulation (EU) 2023/607 was adopted as regards the transitional provisions for certain medical devices and in vitro diagnostic medical devices, permitting extensions where needed;

    H. whereas some of the manufacturers of medical devices remain persistently unprepared to meet the requirements of the regulations;

    I. whereas some of the notified bodies who carry out the assessment and certification of medical devices have created an unpredictable work environment for manufacturers of medical devices;

    J. whereas there is no clarity on any actual shortages of medical devices nor on risks posed by shortages for specific therapeutic areas; whereas more factual information is needed to properly address the situation;

    K. whereas the European Database on Medical Devices (EUDAMED) is an integral part of the MDR and the IVDR;

    1. Expresses its continued support for the strong and strict protection of patient health and safety, including through the correct implementation of the MDR and the IVDR; underlines that patient safety must never be compromised;

    2. Regrets possible shortages of medical devices and risks thereof, notably in the areas of paediatric care and orphan devices, resulting mainly from a suboptimal implementation of the legal framework;

    3. Points out that the President of the European Commission has tasked the Commissioner-designate for Health and Animal Welfare with ensuring ‘the availability and competitiveness of medical devices, including by stepping up the implementation of current framework and evaluating the need for potential legislative changes’;

    4. Welcomes the Commission’s ongoing non-legislative actions to support the transition to the new regulations, including advice and guidance on the clinical evidence needed for fee-free conformity assessment, training, coaching and internship activities for notified bodies and conformity assessment bodies, and support for the development of innovative and orphan devices;

    5. Stresses that the ongoing evaluation of the MDR and IVDR will generate much needed data and should be concluded and its results fully taken into account in any future revision of the MDR and IVDR, which should be accompanied by the customary full impact assessment;

    6. Underlines that citizens, including patients in particular, as well as governments, civil society organisations and manufacturers of medical devices, have a right to information on the processes used by notified bodies for the certification of medical devices, including information on the timelines and fees;

    7. Regrets the fact that notified bodies seem to have been misusing their critical position in the value chain, and points to the fact that this endangers patient safety and treatment options;

    8. Expects all manufacturers of medical devices to be able to meet the requirements of the MDR and IVDR without any further delay;

    9. Expects all notified bodies to ensure, through their work, that safe and reliable medical devices obtain timely and affordable access to the market, in a predictable and consistent manner;

    10. Calls on the Commission to step up its efforts to ensure that the notified bodies use common and transparent working methods; invites the Commission to explore the possibility of ensuring more harmonisation, transparency and predictability of the certification processes, timelines and fees of the notified bodies, by means of implementing or delegated acts;

    11. Calls on the Commission also to investigate ways to increase the transparency of the entire certification process conducted by notified bodies, to ensure that the public, civil society, academia and governments can scrutinise the work done; stresses that this would enhance the safety of the medical devices;

    12. Calls for the full implementation of EUDAMED in accordance with the agreed timeline;

    13. Underlines that any future legislative proposal on medical devices should be patient-centred and should put patient safety first;

    14. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – European Parliament Press Kit for the European Council of 17 and 18 October 2024

    Source: European Parliament

    European Parliament President Roberta Metsola will represent the European Parliament at the summit, where she will address the heads of state or government at 10.00 and hold a press conference after her speech.

    When: Press conference at around 11.00 on 17 October

    Where: European Council press room and via Parliament’s webstreaming or EbS.

    At their meeting in Brussels, heads of state or government will discuss how the EU can continue supporting Kyiv against Russian aggression, and the EU’s response to the latest events in the Middle East, where Israeli forces continue their attacks on Gaza and in Lebanon, while Iran has launched missiles against Israel. EU leaders will also focus on making the European economy more competitive, following the publication of Mario Draghi’s report, which calls for a boost in public investment and wide-ranging economic reforms. They will also discuss ways to manage migration flows and ensure border protection, climate change and biodiversity, and the situation in Georgia, Moldova, Venezuela and Sudan.

    Hamas terrorist attacks against Israel / Escalating violence in the Middle East

    President Metsola marked the one-year anniversary of terrorist attacks in Israel at the opening of the 7-10 October plenary session in Strasbourg. Recalling the horror of that day “that will live in infamy”, President Metsola said nothing could ever justify the indiscriminate mass murder, rape, kidnapping and torture that occurred one year ago. Since then, too few have been able to make it back to their loved ones – “this house will continue to do what we can to help bring them all home”, she said.

    The 7 October attacks triggered a cycle of war, death and devastation that has seen thousands killed in Gaza, and instability across the region, President Metsola stated. In remembering all those lost and taken, the President added that “Parliament’s calls for the immediate release of the remaining hostages will remain steadfast, our calls for ceasefire will remain resolute, and our efforts towards de-escalation will remain strong.” The work for real, dignified, long-term and sustainable peace will remain unwavering, she concluded. MEPs held a minute of silence in memory of all the innocent lives lost.

    In a resolution adopted on 25 April, MEPs strongly condemn the Iranian drone and missile attack on Israel and call for further sanctions against Iran. Parliament voices serious concern over the escalation and threat to regional security. MEPs reiterate their full support for the security of the State of Israel and its citizens and condemn the simultaneous rocket launches carried out by Iran’s proxies Hezbollah in Lebanon and Houthi rebels in Yemen against the Golan Heights and Israeli territory before and during the Iranian attack.

    At the same time, they deplore the attack on the Iranian consulate in the Syrian capital Damascus on 1 April, which is widely attributed to Israel. The resolution recalls the importance of the principle of the inviolability of diplomatic and consular premises, which must be respected in all cases under international law.

    Further reading

    Parliament marks one year from the October 7th attacks in Israel

    Parliament condemns Iran’s attack on Israel and calls for de-escalation

    Parliament calls on Israel to open all crossings to Gaza for humanitarian aid

    Israel-Hamas war: MEPs call for a permanent ceasefire under two conditions


    MEPs condemn Hamas attack on Israel and call for a humanitarian pause

    Resolution: The despicable terrorist attacks by Hamas against Israel, Israel’s right to defend itself in line with humanitarian and international law and the humanitarian situation in Gaza

    President Metsola at the European Council: EU must remain coherent and united

    Leading MEPs condemn attack by Hamas terrorists against Israel

    MEPs to contact

    David McALLISTER, (EPP, DE), Chair of the Committee on Foreign Affairs

    Marie-Agnes STRACK-ZIMMERMANN (Renew, DE), Chair of the Subcommittee on Security and Defence

    Russia’s war against Ukraine

    On 14 October, MEPs on the Trade Committee endorsed the Commission’s proposal to support Ukraine with an exceptional Macro-Financial Assistance (MFA) loan of up to €35 billion. This is the EU’s contribution under the G7’s initiative to support Ukraine with up to $50 billion (approximately €45 billion) to address Ukraine’s urgent financing needs in the face of Russia’s brutal war of aggression. The repayment of this exceptional MFA loan and of the loans from other G7 countries will come from the extraordinary revenues made from immobilised Russian Central Bank assets, and enabled by the Ukraine Loan Cooperation Mechanism, newly established under the Commission’s proposal. The plenary vote is scheduled during next week’s session in Strasbourg.

    In a resolution adopted on 19 September, MEPs want EU countries to lift current restrictions hindering Ukraine from using Western weapons systems against legitimate military targets in Russia. The text states that if current restrictions are not lifted, Ukraine cannot fully exercise its right to self-defence and remains exposed to attacks on its population and infrastructure. Parliament underlines that insufficient deliveries of ammunition and restrictions on their use risks offsetting the impact of efforts made to date, and deplores that EU countries are offering less bilateral military aid to Ukraine. MEPs reiterate their call for member states to fulfil their March 2023 commitment to deliver one million rounds of ammunition to Ukraine, and to accelerate the delivery of weapons, air defence systems and ammunition, including TAURUS missiles. They also restate their position that all EU countries and NATO allies should collectively and individually commit to annual military support for Ukraine of no less than 0.25% of their GDP.

    While calling on the EU and its member states to actively work towards achieving the broadest possible international support for Ukraine and identifying a peaceful solution to the war, MEPs say that any resolution must be based on full respect for Ukraine’s independence, sovereignty and territorial integrity. They also view holding Russia accountable for war crimes and reparations, and other payments by Moscow, as essential aspects of any solution. To this end, MEPs want the EU and like-minded partners to establish a sound legal regime to confiscate Russian state-owned assets frozen by the EU as part of efforts to compensate Ukraine for the massive damage it has suffered.

    With Russia’s war against Ukraine raging on, Parliament reconfirmed on 17 July its view that the EU must continue to support Kyiv for as long as it takes until victory. The resolution, which sets out the newly-elected European Parliament’s first official position on Russia’s war of aggression against Ukraine, restates MEPs’ continued support for Ukraine’s independence, sovereignty, and territorial integrity within its internationally recognised borders. It calls on the EU to maintain and extend its sanctions policy against Russia and Belarus, monitor and review its effectiveness and impact, and systematically tackle the issue of EU-based companies, third parties, and third countries that circumvent sanctions.

    Further reading

    Ukraine: Trade Committee endorses financial support backed by Russian assets

    MEPs: Ukraine must be able to strike legitimate military targets in Russia

    Newly elected Parliament reaffirms its strong support for Ukraine

    MEPs approve trade support measures for Ukraine with protection for EU farmers

    Joint Statement by the Presidents of the European Union Institutions on the occasion of the 2 year anniversary of the Russian invasion of Ukraine

    Parliament calls on the EU to give Ukraine whatever it needs to defeat Russia

    EU sanctions: new rules to crack down on violations

    MEPs: EU must actively support Russia’s democratic opposition

    Yulia Navalnaya: “If you want to defeat Putin, fight his criminal gang”

    Debate 12 March 2024: Preparation of the European Council meeting of 21 and 22 March 2024

    Debate 13 March 2024: Need to address the urgent concerns surrounding Ukrainian children forcibly deported to Russia

    Parliament wants tougher enforcement of EU sanctions against Russia

    A long-term solution for Ukraine’s funding needs

    How the EU is supporting Ukraine

    EU stands with Ukraine

    MEPs to contact

    David McALLISTER, (EPP, DE) Chair of the Committee on Foreign Affairs

    Marie-Agnes STRACK-ZIMMERMANN (Renew, DE), Chair of the Subcommittee on Security and Defence

    Karin KARLSBRO (Renew, SE), rapporteur on macro-financial assistance to Ukraine

    Competitiveness

    On 17 September, Mario Draghi outlined his blueprint for making Europe more competitive through closer cooperation in core areas and massive investment in shared objectives.

    Mr Draghi said that the EU needed to focus on three crucial issues: closing the innovation gap with the US and China; developing a joint plan to link the goal of decarbonisation with increased competitiveness; and boosting Europe’s security and reducing its dependence on foreign economic powers. A fit-for-purpose competitiveness agenda would require annual funding of between EUR 750 – EUR 800 billion for projects whose objectives were already agreed upon by the EU. Some of this money could come from private sources, but some would also need to be secured through public investment, including by new common debt issued specifically to fund key joint projects, Mr Draghi said.

    In a debate following Mr Draghi’s address, many MEPs agreed with his analysis that the EU economy must urgently change course. The EU should focus, they argued, on competition and innovation in key industries, along with more public and private investments in social, green and digital transformations. Some MEPs called for greater sovereignty and freer markets, and stressed that fighting climate change sabotages the EU economy. Others observed that growth is compatible with clean innovative technologies and social investment, to help citizens to learn new skills.

    Further reading

    Draghi to MEPs: “Europe faces a choice between exit, paralysis, or integration”

    MEPs adopt plans to boost Europe’s Net-Zero technology production

    New EU fiscal rules approved by MEPs

    MEPs to contact

    Borys Budka (EPP, PL), Chair Committee on Industry, Research and Energy

    Migration

    During a press point with the Estonian Prime Minister on 16 October, EP President Roberta Metsola stressed that it is “important that we implement the migration pact. We need to be fair with those eligible for protection, firm with those who are not, and harsh with smugglers and malign states like Belarus or Russia who seek to exploit those most vulnerable. Only a coordinated European approach can ensure the integrity of our borderless Schengen area.”

    On 9 October, Parliament debated how to strengthen the security of Europe’s external borders and the need for a comprehensive approach and enhanced Frontex support. You can watch the debate here. On 7 October, MEPs discussed the reintroduction of internal border controls in a number of member states and its impact on the Schengen Area. Watch the debate here.

    On 10 April, MEPs approved the new Migration and Asylum Pact. The package consists of ten legislative texts to reform the European migration and asylum policy and was agreed with EU member states. You can find the adopted texts here and watch the plenary debate here.

    Further reading

    MEPs approve the new Migration and Asylum Pact

    MEP to contact

    Javier ZARZALEJOS (EPP, ES), Chair of the Committee on Civil Liberties, Justice and Home Affairs

    Foreign affairs: Georgia, Moldova, Venezuela, Sudan

    In a resolution adopted on 9 October, MEPs say current democratic backsliding in Georgia effectively puts the country’s integration with the EU on hold. The text highlights how the ruling Georgian Dream party has pushed an increasingly authoritarian agenda, including on media freedom and LGBTQ+ rights. Coupled with changes to the country’s electoral legislation and growing anti-EU rhetoric, MEPs say these laws violate the freedom of expression, censor media, impose restrictions on critical voices in civil society and the NGO sector and discriminate against vulnerable people. They also make clear that unless the legislation is rescinded, progress cannot be made in Georgia’s relations with the EU.

    Against the backdrop of the continuing decline of Georgia’s democracy, Parliament demands that all EU funding provided to the Georgian government be frozen until the undemocratic laws are repealed. Any future funding of the Georgian government can only be disbursed under strict conditions, MEPs argue.

    On 9 October, MEPs adopted a resolution issuing a strong warning against continued Russian attempts to derail Moldova’s pro-European trajectory. The text vehemently condemns Russia’s escalating malicious activities, interference and hybrid operations ahead of Moldovans going to the polls to vote in the country’s presidential election and constitutional referendum on EU integration on 20 October. MEPs highlight the role played by a plethora of malicious actors, including pro-Russian Moldovan oligarchs and Russia’s state-funded RT network, in carrying out voter fraud schemes as well as cyber operations and information warfare. They also call on the EU and its member states to ensure that all necessary assistance is provided to Moldova to strengthen its institutional mechanisms and ability to respond to hybrid threats.

    The European Parliament reaffirms its support for Moldova’s path towards EU accession, calling on the European Commission to include the country in the Instrument for Pre-Accession Assistance (IPA III) and to prioritise funding for EU candidate countries in the next Multiannual Financial Framework (MFF) for 2028-2034. With EU accession talks with Moldova already having begun, MEPs call for a faster screening process and the timely organisation of the subsequent intergovernmental conferences.

    In a resolution adopted on 19 September, Parliament says the EU should do its utmost to ensure that Edmundo González Urrutia, the legitimate and democratically elected President of Venezuela, can take office on 10 January 2025. MEPs “strongly condemn and fully reject the electoral fraud orchestrated by the regime-controlled National Electoral Council, which refused to make public the official result.” They recognise Edmundo González Urrutia as the country’s legitimate and democratically elected president, and María Corina Machado as the leader of the democratic forces in Venezuela. They also strongly condemn the Venezuelan Government’s issuance of an arrest warrant for Mr González.

    On 8 October, MEPs held a plenary debate on the situation in Sudan. You can watch the debate here.

    Further reading

    Parliament says Georgia’s democracy is at risk

    Resolution: The democratic backsliding and threats to political pluralism in Georgia

    Parliament condemns Russia’s interference in Moldova

    Resolution: Strengthening Moldova’s resilience against Russian interference ahead of the upcoming presidential elections and a constitutional referendum on EU integration

    Venezuela: MEPs recognise Edmundo González as President

    Resolution: Situation in Venezuela

    MEPs to contact

    David McALLISTER, (EPP, DE) Chair of the Committee on Foreign Affairs

    Nils UŠAKOVS (S&D, LV), Chair of the Delegation to the EU-Armenia Parliamentary Partnership Committee, the EU-Azerbaijan Parliamentary Cooperation Committee and the EU-Georgia Parliamentary Association Committee

    Climate change and biodiversity

    A Parliament delegation will attend the UN Climate Change Conference (COP29) in Baku, Azerbaijan between 18 and 22 November 2024. MEPs will also adopt a resolution during the 13-14 November plenary session, which will constitute the delegation’s mandate for talks with international partners.

    Parliament will also send a delegation to the UN Biodiversity Conference (COP16) in Cali, Colombia, between 28 and 31 October 2024.

    MEPs to contact

    Lídia PEREIRA (EPP, PT), Chair of the delegation to the COP29 UN Climate Change Conference, Baku, Azerbaijan

    Antonio DECARO (S&D, IT), Chair of the Committee on the Environment, Public Health and Food Safety

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0127/2024

    Source: European Parliament

    B10‑0127/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

     

     

    The European Parliament,

     having regard to Article 5(3) of the Treaty on European Union,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC[1] (the Medical Devices Regulation),

     having regard to Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices and repealing Directive 98/79/EC and Commission Decision 2010/227/EU[2] (the In Vitro Diagnostic Medical Devices Regulation),

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas public health is and should remain primarily a competence of the Member States;

    B. whereas the implementation of the Medical Devices Regulation has triggered many challenges for manufacturers, notified bodies and healthcare providers;

    C. whereas the current complex and costly regulatory framework jeopardises the availability and affordability of medical devices for patients;

    1. Calls on the Commission to propose a revision of the Medical Devices Regulation and the In Vitro Diagnostic Medical Devices Regulation to address the challenges that have emerged in their implementation;

    2. Underlines that the revision of these regulations should take into consideration the views of the stakeholders along the entire value chain;

    3. Stresses that this revision should focus on ensuring the timely availability of medical technologies, a more predictable regulatory system and a reduction in the administrative burden for manufacturers, especially small and medium-sized enterprises;

    4. Emphasises that this revision should also contribute to increasing the competitiveness of the sector, while ensuring a high level of patient safety;

    5. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States.

     

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0125/2024

    Source: European Parliament

    B10‑0125/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

    The European Parliament,

      having regard to Article 168 of the Treaty on the Functioning of the European Union, which provides that ‘a high level of human health protection shall be ensured in the definition and implementation of all Union policies and activities’,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC (MDR)[1], and Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices and repealing Directive 98/79/EC and Commission Decision 2010/227/EU (IVDR)[2],

     having regard to the Commission’s 2023 implementation report on the MDR/IVDR[3],

     having regard to the European Medicines Agency’s 2023 Annual Report and its review on market access and safety concerns for medical devices[4],

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas medical devices and in vitro diagnostic medical devices play a crucial role in modern healthcare, directly affecting the health, safety and well-being of millions of patients across the EU;

    B. whereas the introduction of the MDR and the IVDR was intended to strengthen the regulatory framework for medical devices and in vitro diagnostic medical devices, ensuring higher standards of safety, transparency and clinical performance, while also fostering innovation in the sector;

    C. whereas despite these aims, significant challenges have been encountered in implementing the MDR and the IVDR, not only leading to delays but also resulting in failures to achieve certification and approval of medical devices and in vitro diagnostic medical devices, particularly impacting small- and medium-sized enterprises (SMEs), as well as resulting in shortages of medical devices and in vitro diagnostic medical devices, thus restricting patient access to innovative therapeutic and diagnostic technologies;

    D. whereas many stakeholders, especially including SMEs, notified bodies and healthcare providers, have reported difficulties in navigating the complex and costly regulatory procedures under the current MDR and IVDR framework, with potential risks posed to the continuous availability of life-saving medical devices and critical in vitro diagnostic tests in Europe as manufacturers reduce their product portfolios and withdraw from the EU;

    E. whereas recent scientific and market data point to concerns about shortages of capacity among notified bodies, leading to bottlenecks in the certification process, as well as a lack of clarity around the interpretation of several key provisions of the MDR and the IVDR;

    F. whereas the COVID-19 pandemic further exposed vulnerabilities in the EU’s supply chain for medical devices and in vitro diagnostic medical devices, highlighting the need for more flexible and efficient regulatory mechanisms to ensure timely access to essential devices during public health emergencies;

    G. whereas given the rapid pace of innovation, including advances in digital health, artificial intelligence and personalised medicine, there is an urgent need to revise the MDR and the IVDR in order to accommodate new technologies and ensure that the regulatory framework remains fit for purpose;

    H. whereas practical observations following the adoption of the MDR and the IVDR indicate that significant financial and administrative barriers for orphan and innovative devices stem from the complex procedures of conformity assessment, including obtaining scientific advice, fees required by notified bodies, the extensive and unpredictable duration of the conformity assessment process, and the associated costs;

    I. whereas the MDR and the IVDR also present challenges for maintaining equitable access to devices across all of the Member States, with patients in less economically developed regions facing additional delays in accessing new technologies;

    1. Calls on the Commission to put forward, in the first hundred days of the new mandate, a proposal for a systematic revision of Medical Devices Regulation (EU) 2017/745 (MDR) and In Vitro Diagnostic Medical Devices Regulation (EU) 2017/746 (IVDR);

    2. Recognises the significant contributions of the MDR and the IVDR to enhancing the safety and quality of medical devices, but stresses the need for an urgent review of some of its provisions to address the delays and bottlenecks that are currently hampering access to medical technologies; underlines that the review must aim to make full use of the mechanisms in Article 36(3) MDR to adopt implementing acts in order to resolve issues of divergent interpretation and of practical application to streamline the regulatory process, improve transparency and reduce the bureaucratic burden by eliminating any unnecessary administrative work for notified bodies and manufacturers, particularly SMEs, without compromising on patient safety;

    3. Stresses the importance of increasing the capacity of notified bodies in order to ensure the timely certification of medical devices and in vitro diagnostic medical devices; urges the Member States and the Commission to implement measures that significantly increase the speed and efficiency of these bodies in order to address the critical demand in the medical device sector;

    4. Advocates for the abolition of re-certification for lower-risk products, including Class IIa and certain Class IIb devices, which should continue to be valid subject to appropriate surveillance by the notified body;

    5. Asks the Commission also to consider the abolition of re-certification for implantable devices in Class IIb and devices in Class III, provided ongoing compliance with post-market surveillance and periodic safety update reports demonstrate that the devices perform as intended;

    6. Asks the Commission also to consider the abolition of repeated re-certification for in-vitro diagnostic medical devices after an initial re-certification after five years, subject to appropriate surveillance by the notified body;

    7. Advocates for the creation of transparent, harmonised, maximum durations for procedural steps in conformity assessments by notified bodies, which would create legal certainty for manufacturers regarding the market access procedure and its duration within the EU;

    8. Demands the transparency and EU-wide harmonisation of notified bodies’ fees and fee structures, published in a standardised EU dashboard to allow economic operators to compare notified bodies and make informed choices, ensuring that fees remain a fair compensation for the public service provided;

    9. Calls for a revision of the qualification criteria for persons responsible for regulatory compliance (PRRCs) in the MDR and the IVDR; recommends that the criteria be changed to allow practical experience and training as an alternative to academic qualifications, thereby ensuring that a broader range of competencies are considered for the qualification of PRRCs;

    10. Calls for the regulatory adaptation of the MDR and the IVDR to accommodate new technologies; recognises that the current framework of the MDR and the IVDR does not fully accommodate rapid advancements in medical technology, especially in fields such as digital health, AI-driven diagnostics and personalised medical devices; calls for amendments to the MDR and the IVDR to establish clear and fast-track pathways for the approval of innovative technologies, ensuring their safety and performance; proposes the introduction of a prioritisation procedure for innovative medical devices and in vitro diagnostic medical devices, including a fast-track approval process for breakthrough devices that are potentially life-saving or otherwise significantly improve the standard of care;

    11. Calls for clear definitions of ‘orphan device,’ ‘orphan population’ and ‘orphan subpopulation’, as determined by the Medical Device Coordination Group in the MDR and the IVDR, to be given in order to provide legal clarity and facilitate the adoption of harmonised measures across the EU, thereby ensuring a high level of safety, quality and transparency in the granting of market access to critical medical devices and in vitro diagnostic medical devices;

    12. Calls for the introduction of simplified rules for niche market (and orphan) medical devices analogous to those in other jurisdictions, such as the US; emphasises the need for less burdensome conformity assessment procedures tailored to medical devices and in vitro diagnostic medical devices serving relatively small markets, such as products for the treatment of children or rare diseases;

    13. Urges the creation of a register to monitor and ensure the safety and efficacy of these niche and orphan devices; suggests, further, the creation of EU-wide clinical registries, or the amalgamation of data from current national registries, in order to gather comprehensive clinical data on small patient groups that benefit from the availability of orphan devices; notes that this initiative aims to enhance the overall quality of care and support manufacturers in collecting necessary clinical data, especially in indications where multiple orphan devices are available, allowing for combined treatment data to be evaluated and published regularly; observes that the goal is to assure maximum transparency and safety while allowing a streamlined and less bureaucratic approach for niche and orphan devices;

    14. Recognises the disproportionate regulatory burden faced by SMEs, which are responsible for the majority of products in the medical device and in vitro diagnostic medical device sector; highlights that this burden threatens to stifle innovation and reduce competition; urges the Commission to develop specific measures to support SMEs, including the provision of model application documents and forms, financial assistance, regulatory guidance and tailored certification pathways that reduce costs and complexity while maintaining high standards of patient safety; proposes the reduction of conformity assessment costs for SMEs by implementing specific provisions such as a reduction in fees, deferral of the payment of fees and provision of administrative assistance through a central EU contact point;

    15. Calls for enhanced flexibility in the regulatory process during public health emergencies; stresses the need for a dynamic regulatory framework capable of a rapid response to public health crises, such as pandemics or unforeseen emergencies; urges the Commission to establish emergency provisions that allow for the temporary streamlining of certification processes for critical medical devices, ensuring that such adjustments do not compromise safety standards, thereby facilitating timely access to essential devices during times of crisis; calls for the Commission, in cooperation with the Health Emergency Preparedness and Response structure, to establish a non-exhaustive list of critical medical devices;

    16. Calls for the establishment of a central governance structure or medical device office within the Commission’s Directorate-General for Health to centralise responsibilities and powers in the designation management and surveillance of notified bodies, the harmonisation of administrative practices, the development of guidance on the implementation and application of EU regulations applicable to medical devices and in vitro diagnostic medical devices, and the coordination of the applicability of other EU regulations to medical devices and in vitro diagnostic medical devices with other directorates-general of the Commission;

    17. Calls for a stronger and more harmonised post-market surveillance system that makes use of real-world data and patient feedback to identify and address safety issues more rapidly; encourages, therefore, the establishment of a centralised EU database for post-market data as part of the module for vigilance and post-market surveillance of the European Database on Medical Devices that ensures transparency and facilitates cross-border cooperation in monitoring device performance and addressing risks;

    18. Calls on the Member States to inform the central governance structure or office of the results of notified body audits and specific instructions issued to notified bodies concerning administrative practices and conformity assessment procedures; highlights the need for this central governance structure or office to coordinate Member States’ market surveillance and vigilance activities in order to enhance the efficiency of market surveillance across the EU;

    19. Urges the Commission to strengthen international cooperation on the simplification, assimilation and mutual recognition of national certification processes, in particular with the US Food and Drug Administration;

    20. Calls for an appropriate transition period before the implementation of new rules; emphasises the need to set a transition period before the enforcement of new regulations that would allow enough time for manufacturers to prepare and for the necessary institutional infrastructure to be established; notes that this measure ensures that all stakeholders are fully equipped to meet the regulatory requirements without compromising the overarching objectives of the legislation;

    21. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States.

     

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0124/2024

    Source: European Parliament

    B10‑0124/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union, in particular Article 168 thereof,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC[1] (the Medical Devices Regulation – MDR),

     having regard to Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices and repealing Directive 98/79/EC and Commission Decision 2010/227/EU[2] (the In Vitro Diagnostic Medical Devices Regulation – IVDR),

     having regard to Regulation (EU) 2023/607 of the European Parliament and of the Council of 15 March 2023 amending Regulations (EU) 2017/745 and (EU) 2017/746 as regards the transitional provisions for certain medical devices and in vitro diagnostic medical devices[3],

     having regard to Regulation (EU) 2022/123 of the European Parliament and of the Council of 25 January 2022 on a reinforced role for the European Medicines Agency in crisis preparedness and management for medicinal products and medical devices[4],

     having regard to the Commission’s 2023 report on the implementation of the MDR and the IVDR,

     having regard to Regulation (EU) 2021/2282 of the European Parliament and of the Council of 15 December 2021 on health technology assessment[5],

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas access to quality medical devices and in vitro medical devices is indispensable for patients’ health and for healthcare systems;

    B. whereas more than 500 000 different medical devices are marketed in the EU, covering a broad range of products from plasters to x-ray machines, and they are used for diagnosis, prevention, treatment and rehabilitation and, overall, to improve the quality of life of patients and the work of healthcare professionals and carers;

    C. whereas large differences still remain in access to medical devices across the EU, leading to healthcare inequalities;

    D. whereas the MDR and the IVDR were adopted to strengthen the regulatory framework in response to several scandals involving the use of unsafe medical equipment, such as hip and breast implants; whereas patient safety and quality standards should never be compromised;

    E. whereas the deadlines set in the MDR and the IVDR have been extended several times to give more time to device developers and notified bodies, and to avoid shortages of devices;

    F. whereas despite these deadline extensions, healthcare professionals have reported shortages of medical devices and in vitro medical devices, especially for paediatric and orphan devices;

    G. whereas it is still uncertain exactly which medical devices are at risk of withdrawal and shortages, because of a lack of transparency from notified bodies;

    H. whereas the majority of developers of medical devices and in vitro medical devices are small and medium-sized enterprises with limited resources;

    I. whereas the process of applying for certification can be burdensome, lengthy and expensive, especially in some Member States;

    J. whereas many stakeholders, such as developers, patient organisations and healthcare providers, have reported difficulties in navigating the regulatory framework for medical and in vitro medical devices;

    K. whereas increasing numbers of medical devices are supplied by producers in non-EU countries, some of which are autocratic regimes, raising concerns about the protection and possible misuse of personal medical data collected by medical devices;

    1. Deplores the shortages of medical devices and the lack of access to certain medical devices in parts of the EU; stresses that access to and quality of healthcare, including medical devices, should not depend on where in the EU a patient is located;

    2. Welcomes the increased capacity of notified bodies; invites the Member States and the Commission to assess whether measures can be taken to further improve the speed and efficiency of these notified bodies without jeopardising patient safety;

    3. Stresses the need for more transparency, information and guidance from the authorising authorities to manufacturers undergoing the certification process, including information regarding notified body fees and fee structures; underlines that this is already possible under the current regulation;

    4. Further stresses the need for greater transparency and better access to information for patients organisations and healthcare professionals from notified bodies and from national authorities;

    5. Underlines that product updates or adjustments should not necessarily lead to the need for a full recertification of the product; calls, in this regard, for harmonised guidance to ensure consistency for medical device developers across the EU;

    6. Welcomes the non-legislative actions already initiated by the Commission and calls for further actions to be taken to counter shortages and reduce the administrative burdens, where possible;

    7. Welcomes the pilot programme by the European Medicines Agency to support manufacturers producing and notified bodies certifying orphan devices in the processes of development and assessment;

    8. Notes that post-authorisation market surveillance can be burdensome, and that a more harmonised approach could benefit both developers and the Member States;

    9. Recalls that the MDR should be evaluated by 2027 at the latest; stresses, in this regard, the need for a proper evaluation and impact assessment; further stresses that all relevant stakeholders should be part of the evaluation process;

    10. Believes that reducing administrative burdens and ensuring access to medical devices throughout the EU should be key considerations in the evaluation of the regulation;

    11. Believes that the evaluation should also examine dependency on non-EU countries, including the protection of personal medical data;

    12. Emphasises that any new rules or changes to existing rules must come with an appropriate transition period to allow all stakeholders sufficient time to adjust to change;

    13. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States.

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0122/2024

    Source: European Parliament

    B10‑0122/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

    The European Parliament,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC[1] (Medical Devices Regulation, MDR), and to Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices and repealing Directive 98/79/EC and Commission Decision 2010/227/EU[2] (IVDR),

     having regard to the Commission statement of 9 October 2024 on the urgent need to revise the Medical Devices Regulation,

     having regard to the proposal for rejection of the Recommendation for second reading on in vitro diagnostic medical devices[3],

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas the legislation on medical devices and in vitro medical devices was revised in 2017 through the MDR and the IVDR;

    B. whereas the new legislative framework of 2017, which replaced the existing directives with regulations, was a reaction to certain events, first and foremost to a company’s marketing non-medical grade silicone gel breast implants in blatant and intentional violation of the regulatory framework; whereas there have been various violations under the new regulatory framework during the so-called pandemic;

    C. whereas the regulations have placed a considerable regulatory burden on the producers of medical devices and in vitro medical devices; whereas the MDR and the IVDR have created a considerable administrative burden for regulators; whereas the combined burden has created both a backlog of required certifications within the industry and an administrative bottleneck for issuing such certifications;

    D. whereas this backlog has affected the market for medical devices and in vitro medical devices; whereas there is a shortage of certain medical devices and in vitro medical devices; whereas producers’ innovative capacity has been impaired;

    E. whereas a prolonged waiting time for such products, shortages and a lack of innovation due to the inability to cope with bureaucratic obstacles harms patients as consumers of medical products; whereas such harm could ultimately result in an unnecessary loss of life;

    F. whereas the Commission needs to have finalised an evaluation of the directives by 27 May 2027 under Article 121 MDR and Article 111 IVDR;

    1. Considers that both the IVDR and the MDR have created very burdensome bureaucracy, which is neither in the interest of the producers nor in the interest of patients as consumers; suggests that any inappropriate or disproportionate regulatory burden be lifted as soon as possible; underlines that there is now an urgent need for revision of both the IVDR and the MDR;

    2. Recalls that as far back as in 2017 a Parliament minority moved to reject the new framework as too excessive a regulatory burden and too expensive for producers of medical devices to comply with; considers that law is good law when it can stand the test of time; recalls that perceived legislative necessity, as so often encountered in real or perceived crises, should not trump the established rules of proper lawmaking to the detriment of the smooth functioning of parliamentary democracy;

    3. Notes that proposals have been made to remedy the problems through tertiary legislation, thereby circumventing the ordinary legislative procedure; underlines that the shortcomings of Union secondary legislation cannot be corrected by tertiary-level legislation, as this would ultimately mean substituting Parliament’s lawmaking capacity with executive decrees; warns against the widespread and excessive use of delegated acts as a means of repairing flawed legislation;

    4. Calls on the Commission not to make use of the full time frame granted for evaluation of the IVDR and the MDR, but instead to speed up the process as much as possible; notes that the Commission has been called upon to come up with a proposal within a hundred days of the start of the new Commissioners’ term of office;

    5. Calls on the Commission to immediately present an amendment to address the glaring shortcomings of current legislation in the first half of 2025, so that businesses, patients as consumers and healthcare authorities can enjoy immediate relief; calls on the Commission to conduct its evaluation, and present a full legislative proposal, as swiftly as possible;

    6. Suggests including in its proposal an accelerated certification procedure for innovative medical products, abolishing the re-certification requirement for lower-risk products and abolishing the certification requirement for niche-products;

    7. Considers that, as a prerequisite, there is already a strong and functioning civil liability regime in place that protects consumers, allowing certain regulatory requirements to be relaxed;

    8. Instructs its President to forward this resolution to the Council, the Commission and the national parliaments of the Member States.

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the urgent need to revise the Medical Devices Regulation – B10-0126/2024

    Source: European Parliament

    B10‑0126/2024

    European Parliament resolution on the urgent need to revise the Medical Devices Regulation

    (2024/2849(RSP))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union, in particular Article 168 thereof,

     having regard to the Charter of Fundamental Rights of the European Union, in particular Article 35 thereof,

     having regard to Regulation (EU) 2017/745 of the European Parliament and of the Council of 15 December 2021 on medical devices[1] (Medical Devices Regulation),

     having regard to Regulation (EU) 2017/746 of the European Parliament and of the Council of 5 April 2017 on in vitro diagnostic medical devices[2] (In Vitro Medical Devices Regulation),

     having regard to Regulation (EU) 2020/561 of the European Parliament and of the Council of 23 April 2020 amending Regulation (EU) 2017/745 on medical devices, as regards the dates of application of certain of its provisions[3],

     having regard to Regulation (EU) 2022/112 of the European Parliament and of the Council of 25 January 2022 amending Regulation (EU) 2017/746 as regards transitional provisions for certain in vitro diagnostic medical devices and the deferred application of conditions for in-house devices[4],

     having regard to Regulation (EU) 2023/607 of the European Parliament and of the Council of 15 March 2023 amending Regulations (EU) 2017/745 and (EU) 2017/746 as regards the transitional provisions for certain medical devices and in vitro diagnostic medical devices[5],

     having regard to Regulation (EU) 2024/1860 of the European Parliament and of the Council of 13 June 2024 amending Regulations (EU) 2017/745 and (EU) 2017/746 as regards a gradual roll-out of Eudamed, the obligation to inform in case of interruption or discontinuation of supply, and transitional provisions for certain in vitro diagnostic medical devices[6],

     having regard to Regulation (EU) 2022/123 of the European Parliament and of the Council of 25 January 2022 on a reinforced role for the European Medicines Agency in crisis preparedness and management for medicinal products and medical devices[7],

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas access to safe and effective medical devices and in vitro medical devices plays a crucial role in providing high quality treatment and care for patients in the EU;

    B. whereas approximately 500 000 different medical devices are available on the EU market, covering a broad range of technologies from contact lenses to pacemakers and serving different purposes, including diagnosis, prevention, treatment, rehabilitation, and improving the quality of life of patients[8];

    C. whereas the Medical Devices Regulation (MDR) and the In Vitro Medical Devices Regulation (IVDR) were adopted to strengthen the legal framework and enhance patient safety in response to a number of scandals involving unsafe medical equipment, such as hip- and breast implants, and to reduce the number of obsolete medical devices on the market;

    D. whereas incomplete applications with which manufacturers have not provided notified bodies with sufficient scientific evidence and technical detail are among the main reasons for the current delays in issuing CE certificates[9];

    E. whereas the implementation deadlines set in the MDR and IVDR were extended several times to increase the capacity of notified bodies and to help the industry to adjust to the new rules in order to avoid shortages of medical devices;

    F. whereas the Commission initiated non-legislative actions to support the transition to the MDR and IVDR, focusing in particular on the availability of medical devices on the market, the preparedness of notified bodies, the development of orphan and paediatric devices, SME support and free scientific advice;

    G. whereas although there is now an optimal number of notified bodies established under the MDR, issues remain in terms of the inconsistency of decisions, the lack of transparency regarding decisions and limited capacity for post-market surveillance; whereas more notified bodies still need to be established under the IVDR and the consistency and transparency of their decisions enhanced;

    H. whereas there is no harmonised mechanism to monitor interruption of supply of devices and whereas the limited requirement for manufacturers to give prior notice about any interruption of supply of certain critical medical devices or in vitro medical devices was only introduced with Regulation (EU) 2024/1860 and will only take effect in January 2025; whereas to ensure patient health protection more transparency provisions linked to supply chain stability are needed so as to understand what types of devices are at serious risk of market withdrawals and shortages;

    1. Stresses its continued support for the swift implementation of the MDR and IVDR and underlines that patient safety must never be compromised and that equal access to quality medical devices must be ensured throughout the EU;

    2. Regrets the continuing risks of device shortages, notably in the areas of paediatric and orphan diseases, as a result of the suboptimal implementation of the legal framework;

    3. Stresses the urgent need for medical device supply chains to be transparent to prevent device shortages and the need for closer cooperation and stricter reporting obligations, including through the Medical Devices Coordination Group (MDCG) and the Executive Steering Group on Shortages of Medical Devices;

    4. Underlines that all relevant information on the processes and decisions of notified bodies regarding the certification of medical devices must be in the public domain and accessible to all the relevant stakeholders; in this regard, reiterates the need for a swift roll-out of a comprehensive, fully functional, and user-friendly European database for medical devices (EUDAMED) that provides complete information on all medical devices available on the EU market and adheres to the highest standards of transparency and accessibility of information;

    5. Welcomes the fact that the capacity of notified bodies has significantly increased in recent months and urges the Member States and the Commission to ensure a coordinated approach and harmonisation to improve the efficiency and predictability of decisions taken by notified bodies as well as their fee structure;

    6. Calls on the Commission to propose specific timeframes for conformity assessments linked to different classes of medical devices, to ensure predictability for developers, and to envisage the possibility of accelerated timelines when devices are linked to health emergencies or where there is robust scientific evidence of an extraordinary benefit for patients in areas of high unmet medical need;

    7. Reiterates that any incentives related to orphan medical devices must be based on clear eligibility criteria, be linked to a prudent system that prevents misuse through an artificial ‘orphanisation’ of the devices, and their use must be registered centrally to ensure better evidence generation throughout the EU;

    8. Underlines the need for more optimal stakeholder involvement, including within the notified bodies, and calls on the Member States and Commission to ensure that patients and healthcare professionals have access to all relevant documents and decisions;

    9. Underlines that product updates or adjustments should not necessarily lead to a need for an entire re-certification of the product, and in this regard calls for tertiary legislation to harmonise such provisions and ensure consistency for developers across the EU;

    10. Calls on manufacturers of medical devices to coordinate more closely with national authorities and prioritise patient safety by ensuring the generation of robust evidence and meeting the requirements of the MDR and IVDR without further delay;

    11. Welcomes the non-legislative actions already initiated by the Commission and urges more activities particularly vis-à-vis transparency and post-market surveillance; calls on the national competent authorities to significantly strengthen post-market surveillance activities and communication to patient organisations and healthcare professionals and the general public on risks to health or safety associated with marketed devices; calls on the authorities to ensure that manufacturers adhere to strict, clearly established timelines for implementing corrective actions, including prompt communication and follow-up with all potentially affected patients;

    12. Reiterates the need for a thorough evaluation and impact assessment of the MDR and IVDR before the potential reopening of the regulations and underlines that all the relevant stakeholders, including patients and healthcare professionals, must be involved in the evaluation process;

    13. Underlines that any potential revision of the medical devices framework must first and foremost uphold high patient safety standards, be based on evidence collected in the evaluation and impact assessment and ensure accompanying measures to support the transition;

    14. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States.

     

     

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Fostering is Everything

    Source: City of Derby

    Foster East Midlands, in partnership with CAN Media, is proud to present ‘Everything’ – a powerful new fostering film that highlights how fostering can truly mean everything to those involved. This film was created in collaboration with over 100 local authorities, including Derby City, Derbyshire County Council, Nottingham City, and Nottinghamshire County Council.

    ‘Everything’ follows foster carer Mike and his family on a journey through time with two of the children they have looked after, who are now adults. A surprise 60th birthday party for Mike gives Will and Zara a chance to reflect on how being fostered made a difference to their lives, thanking him for everything.

    Thanks to footage shot on a genuine old camcorder, we are taken to the 1990s, to see how Will settles into the family. We also jump back to the 2010s, when a young Zara is being taught to play the guitar by Mike, something that comes full circle when she performs a song at the party. Mike’s son Chris is involved throughout, showing the important role the children of foster carers play.

    All of the house and garden scenes were filmed in Chilwell, Nottinghamshire, adding a local and authentic touch to the film.

    The concluding message of the film is that what you do with your life could forever change someone else’s – encouraging people to foster in order to make that change.

    The film was developed with the input and insight of foster carers and people with care experience, was produced by Reel TwentyFive and project managed by public sector media partner CAN.

    Project Director for CAN Media, Rachel Brown describes the main message of the film:

    Many people don’t realise how common it is for relationships made through fostering to last well beyond the ‘official’ caring role. This has a huge impact on the lives of those who have been fostered, giving them stability and security well into adulthood.

    We also wanted to reflect how the children of foster carers make a difference to children when they come into care, helping them to feel part of the family.

    Having over 100 councils taking part in the project, the film will reach a very wide audience, encouraging people to find out more and take the steps towards becoming a foster carer.

    Fostering with your local council or children’s trust means you can better support local children and young people who need a safe and nurturing home where they can grow and thrive.

    Cllr Paul Hezelgrave, Lead Council’s Cabinet Member for Foster East Midlands said:

    The ‘Everything’ project has given our fostering service an amazing film that shows the long-term impact fostering can have, with relationships between carers and children lasting well into adulthood.

    All councils need to recruit more foster carers, and by collaborating to produce this emotionally powerful film, we will show people how rewarding and life-changing fostering is.

    The message is the same for all of us – we need more people to step forward and become foster carers. ‘Everything’ will help us to reach more people in our communities and encourage them to find out more about this really rewarding role.

    We are committed to giving vulnerable children and young people we care for the best chance to thrive, which for many of them is with local fostering families.

    Sarah Thomas, chief executive of the Fostering Network says:

    The Fostering Network has been proud to support the collaborative film projects since ‘Giants’ in 2017. It’s great to see local authority fostering services pooling resources to produce another amazing film. ‘Everything’ will help to amplify their message about the chronic shortage of fostering households, encouraging more people to come forward and foster.

    One of the main characters in the film, Chris, shows how important other family members are when it comes to fostering. This is something we champion throughout October, which is Children of Foster Carers Month.

    ‘Everything’ is the latest in a series of film collaborations that started in 2017 with ‘Giants’, which was supported by a small number of local authorities in the midlands and has now grown into a national project across England, reflecting the need to recruit more foster carers.

    Watch the full version of the ‘Everything’ Film on Foster for East Midlands YouTube channel or view the 30 second shortened version

    If you’re interested in becoming a foster carer or want to learn more, visit Foster for East Midlands webpage, email hello@fosterforeastmidlands.org.uk or call 03033 132950

    Be inspired and watch the ‘Everything’ foster film 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Environment Agency works to preserve North East salmon stocks

    Source: United Kingdom – Executive Government & Departments

    Atlantic salmon stocks in the Tyne remain buoyant despite stocks across England reaching new lows according to a report released last week (Monday 7 October).

    An image of an adult salmon.

    Atlantic salmon stocks in the Tyne remain buoyant despite stocks across England reaching new lows according to a report released last week (Monday 7 October).  

    According to the Atlantic Salmon Stock Assessment for 2024 from the Environment Agency and the Centre for Environment, Fisheries and Aquaculture Science (Cefas), 90% of principal salmon rivers in England are classified as either “at risk” or “probably at risk,” meaning salmon numbers are below minimum levels to support sustainable populations.

    However, the River Tyne’s salmon stocks are the only location where they remain “not at risk” and the Coquet and Wear are amongst only three rivers nationally where stocks are deemed to be “probably not at risk”.

    The Environment Agency is working with partners to reduce impacts affecting stocks globally, including barriers to migration, water scarcity from abstraction and the persistent challenge from climate change, including warming seas.

    The Environment Agency and Natural England are calling on everyone from landowners and farmers to energy, waste and water companies to do more to protect this iconic and pivotal species.  

    Jon Shelley, Fisheries Technical Specialist at the Environment Agency said:

    We are proud that the Salmon Stocks in the Tyne remain “not at risk” and that rivers across the North East are providing a safe haven for salmon.

    However, we know the importance of this report and are not complacent in the North East. Action is needed to combat all pressures impacting salmon, to help maintain the salmon stocks in the region and improve the stocks across the country. 

    We will continue our vital work to help preserve the salmon stocks in our area by working closely with our partners and the community.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: FEMA Support For North Carolina Surpasses $100 Million

    Source: US Federal Emergency Management Agency

    Headline: FEMA Support For North Carolina Surpasses $100 Million

    FEMA Support For North Carolina Surpasses $100 Million

    More than $100 million in FEMA individual assistance has been approved for North Carolina households affected by Tropical Storm Helene. 

    North Carolina Recovery By the Numbers

    All numbers and dollar amounts are as of close of business Oct. 15.

    • FEMA has made individual assistance available to 39 North Carolina counties and tribal members of the Eastern Band of Cherokee Indians.
    • FEMA’s Individuals and Households Program has approved over $102 million including:
      • $18.6 million to help homeowners and renters to pay for emergency home repairs, home replacement or other housing needs.
      • $83.6 million to help with other serious disaster-related needs, like moving expenses, childcare and disaster-related dental, medical or funeral expenses. 
    • Disaster Survivor Assistance specialists are in North Carolina communities helping individuals apply for assistance. As of today, these teams have registered more than 5,000 survivors
    • Disaster Recovery Centers are operating in impacted areas, and to-date, have served more than 2,500 visitors. Even more centers will be opening in the coming days.
    • FEMA is providing temporary hotel stays to more than 2,000 households through Transitional Sheltering Assistance.  
    • FEMA inspectors have performed more than 14,400 home inspections.

    Disaster Unemployment Assistance is available in eligible, affected counties. For more information on this program visit des.nc.gov/dua or call 919-629-3857 (for Spanish call 919-276-5698).

    barbara.murien…

    MIL OSI USA News

  • MIL-OSI Economics: How AI is making eyesight-saving care more accessible in resource-constrained settings

    Source: Google

    Error 404 (Not Found)!!!</p> <p> <a href="https://blog.google/" rel="nofollow"><span id="logo" aria-label="Google"></span></a></p> <p><b>404.</b> <ins>That’s an error.</ins></p> <p>The requested URL <code>/around-the-globe/google-asia/how-ai-is-making-eyesight-saving-care-more-accessible-in-resource-constrained-settings/</code> was not found on this server.<br /><ins>That’s all we know.</ins></p> </p> <p>

    MIL OSI Economics

  • MIL-OSI: Calian continues to respond to growing demand for global defence solutions

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Oct. 17, 2024 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), closed fiscal year 2024 ending September 30, having signed several defence contracts in the fourth quarter valued at approximately $29 million, further solidifying its position as a trusted partner in the global defence industry. These new contracts align with Calian’s mission to equip, prepare and protect military personnel as global military spending continues to surge amid war, geopolitical instability and the heightened need for new and advanced technologies.

    Global defence budgets continue to rise and are projected to reach $2.5 trillion by 2028 according to Markets and Markets. Throughout FY2024, Calian continued to win contracts to support key global defence initiatives that enhance military readiness and operational effectiveness. Closing out Q4, Calian was selected to provide Canada and NATO members with operational and training support, defence manufacturing, engineering support and technical expertise.

    “As the world faces continued unrest, Calian is more dedicated than ever to delivering cutting-edge defence solutions to ensure the preparedness and safety of Canadian, NATO and allied personnel,” said Kevin Ford, CEO, Calian. “Our recent contract signings reflect the growing trust our global partners place in Calian to support critical global defence initiatives. As we move into FY2025, we remain focused on helping our allies prepare for the complex challenges that lie ahead, equipping them with the tools and expertise needed to safeguard national and global security.”

    In a 2024 McKinsey & Company report they indicated that following the invasion of Ukraine, NATO member states have announced plans to spend significantly more on defence in the coming years. It goes on to add that if actual spending stays in line with the latest announcements made by European governments, their analysis estimates that cumulative defence spending could increase by €700 billion to €800 billion between 2022 and 2028, with total European spending reaching as much as €500 billion per year in 2028. With Calian’s recent acquisition of U.K.’s Mabway, combined with its leadership in providing defence readiness expertise for NATO countries, Calian is uniquely positioned going into FY2025 to support these increasing demands.

    With over 40 years of experience delivering defence solutions to Canada and its global allies, Calian provides a broad portfolio of services, including military training, simulation, healthcare, cybersecurity and complex systems integration. These recent Q4 contract signings reinforce Calian’s commitment to helping military forces remain ready and resilient in today’s fast-changing security environment.

    Learn more about how Calian delivers confidence for military customers, no matter their needs: https://www.calian.com/defence/.

    About Calian
    http://www.calian.com
    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:
    media@calian.com
    613-599-8600 x 2298

    Investor Relations inquiries:
    ir@calian.com

    DISCLAIMER
    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network

  • MIL-OSI Russia: Artificial Intelligence Transforms Moscow’s Transport and Road Safety

    Source: Moscow Department of Transport

    The Moscow Department of Transport reported on the main projects related to Artificial Intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-driven innovations are setting new standards in public transportation and traffic management.

    Artificial Intelligence Transforms Moscow’s Transport and Road Safety.
    • Biometric Payment Revolution

    For the past three years, biometric payment technology has been transforming the way people travel in Moscow. Available across all metro stations, Moscow Central Circle (MCC), Aeroexpress, regular river transport, and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with just a glance—no card or smartphone required.

    With bank-level security, this seamless service has already facilitated over 125 million biometric entries, making it one of the most convenient and secure transit payment systems globally.

    • Russia’s First Autonomous Tram

    Moscow is home to Russia’s first autonomous tram, a breakthrough in public transport innovation. This tram, equipped with a world-first set of technologies, operates without the need for external control systems. Its software, entirely developed by Metro’s in-house team, belongs to the Moscow Government and is unique across Europe.

    Since its introduction, the autonomous tram has covered over 1,800 kilometers without a single traffic violation, proving both its reliability and safety on the roads.

    • Sphere: The Video Analytics System Safeguarding Moscow

    The Sphere video analytics system has been instrumental in enhancing public safety across Moscow. Operational at all metro stations since September 1, 2020, Sphere helps law enforcement detain individuals on wanted lists and locate missing persons, including the elderly and children.

    Since its implementation, over 11,000 criminals have been apprehended, and more than 1,500 missing persons, including 300 children, have been located thanks to Sphere.

    • Real-Time Monitoring of Metro Carriage Load

    To further improve passenger comfort, Moscow’s metro now uses machine learning algorithms to monitor carriage load in real time. The system updates every 10 seconds, factoring in the type and capacity of carriages, major transfer points, and time-specific data. This unique service is available through the Moscow Metro app, offering unparalleled accuracy in carriage load assessments.

    • AI-Powered Moscow Transport Contact Center

    Since 2019, AI has been assisting passengers via Moscow’s transport contact center (dial 3210). A voice assistant automatically handles calls related to car evacuation, helping streamline operations. The contact center, operational for over 11 years, fields around 6,000 inquiries daily, providing crucial information on public transport, including fare rates, free parking availability, and more.

    • Advanced Video Analytics on MKAD and Major Highways

    Moscow has installed over 1,500 high-resolution cameras on the MKAD, MCD, and key roads, covering 100% of major routes without blind spots. These cameras detect 13 different types of incidents and send real-time video to the Traffic Management Center within seconds, allowing for rapid response. Thanks to this intelligent system, traffic accidents involving injuries on the MKAD have decreased by 20% over the last three years.

    • Leading the World in Photo and Video Traffic Monitoring

    With 3,800 cameras monitoring traffic across the city, Moscow’s photo and video recording system is one of the most advanced globally. The system, powered by AI, now detects drivers using phones or not wearing seatbelts, and as of 2023, it can accurately determine whether motorcyclists are wearing helmets and whether passengers are buckled up. AI also enables the detection of more complex violations, such as blocking intersections and failing to yield to pedestrians.

    • Smart Intersections Speed Up Traffic

    Moscow has introduced over 600 smart intersections equipped with AI-driven traffic lights. These lights adjust in real-time based on road conditions, using data from sensors embedded in the asphalt. As a result, both city and private transport pass through these intersections 25-30% faster, while pedestrians wait 20-25% less for the green signal.

    Moscow continues to lead the way in using AI to revolutionize transport and road safety, setting a global standard for innovation in urban mobility. With AI-enhanced systems in place, residents and visitors alike can expect safer, faster, and more convenient journeys across the city.

    MIL OSI Russia News

  • MIL-OSI: CIB Marine Bancshares, Inc. Announces Final Redemption of Preferred Stock

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, Wis., Oct. 17, 2024 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announces the full and final redemption of all preferred stock pursuant to its Second Amended and Restated Articles of Organization. Effective October 31, 2024, approximately 14,633 of CIB Marine’s Series A Preferred shares and 1,610 of Series B Preferred shares will be redeemed at $825 per share. This redemption is a full redemption of all outstanding preferred stock; there will be no preferred stock remaining in the Company’s capital structure. The $13.4 million redemption will be funded by cash on hand resulting from a distribution from the Company’s wholly-owned subsidiary, CIBM Bank; a distribution from the Company’s non-bank subsidiary, CIB Marine Capital, LLC; and a portion of the $10 million subordinated debt offering completed in the first quarter of 2022. Documentation will be mailed to all preferred shareholders of record by the Company’s redemption agent, Computershare Trust Company, N.A., on or about October 17, 2024.

    Mr. J. Brian Chaffin, President and CEO of the Company stated, “The October 31st redemption of all remaining preferred stock is a great achievement for the Company and all our shareholders. This transaction increases liquidity for the remaining preferred shares and benefits our common shareholders in two ways: by eliminating the potentially dilutive convertible Series B shares and redeeming all outstanding preferred stock at a discounted rate. The $825 per share redemption price is below both its balance sheet carrying value of $850 per share and its liquidation preference value of $1,000 per share.”

    In addition, Mr. Mark Elste, Chaiman of the Board of Directors, noted. “This is a significant accomplishment that the Board of Directors and management have been focused on for more than four years. The redemption of all preferred stock simplifies the Company’s capital structure to only one form of equity: common stock with full voting rights. It opens up opportunities to continue building shareholder value, the likes of which have been constrained by the outstanding preferred stock.”

    CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates nine banking offices Illinois, Wisconsin, and Indiana, and has mortgage loan officers and/or offices in ten states. More information on the Company is available at http://www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

    FORWARD-LOOKING STATEMENTS
    CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

    There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

    Stockholders should note that many factors, some of which are discussed elsewhere in this release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

    • operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
    • economic, political, and competitive forces affecting CIB Marine’s banking business;
    • the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
    • the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

    These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

    FOR INFORMATION CONTACT:
    J. Brian Chaffin, President & CEO
    (217) 355-0900
    brian.chaffin@cibmbank.com

    The MIL Network

  • MIL-OSI: Invesco Ltd: Form 8.3 – StoneX Group Inc; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
       
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree
    StoneX Group Inc.  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    16.10.2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”
    No  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: Common US8618961085  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 436,273* 1.36      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 436,273* 1.36      
    *The change in the holding of 838 shares since the last disclosure on 16.10.2024 is due to the transfer out of a discretionary holding at 87.22 USD.  
       
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

     
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

     
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    Common US8618961085 Purchase 57 88.22 USD  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 17.10.2024  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

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