Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 15th of November 2018
November 30, 2007

New Directive Could Lead To Fines For 9 In 10 Businesses, Say R&SA

by Stewart Douglas

Story link: New Directive Could Lead To Fines For 9 In 10 Businesses, Say R&SA

Over 9 in 10 businesses could be subject to up to £5,000 in fines and penalties after the Energy Performance Buildings Directive comes in to force for failure to comply with the law, according to a survey released today by Royal & Sun Alliance, with as much as two thirds of business surveyed completely unaware of the existance of the directive.

The Energy Performance of Buildings Directive is designed to ensure increased energy efficiency in commercial properties, with those over certain floorspace areas having a legal requirement to certificate their energy status, and the nature of any air conditioning systems in place for public inspection.

Failure to comply with the terms of the directive could lead to fines of up to £5,000, and according to the figures released today there may be very little known publicly by business owners which could lead to a spate of connected actions.

The directive, law from the European Community legislature is thought to possibly have direct effect, meaning that it can be directly relied upon as if it were national law when it comes into force, which could pave the way for substantial fines for non compliance.

As a result it is expected that as much as 90% of businesses without specialist in-house legal departments could face fines for breaching the terms of the directive, which will require the issuing of certain energy efficiency certificates in transactions relating to commercial property.

Speaking today on the new laws, David Smith from Royal & Sun Alliance said “[Royal & Sun Alliance]is working hard with its energy industry partner, Charterhouse Energy, to provide companies with the help they need to optimise their energy efficiency, be environmentally responsible and comply with the new regulations.”

 

News posted:



Related stories to New Directive Could Lead To Fines For 9 In 10 Businesses, Say R&SA: