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News Release from: Repic
Edited by the Electronicstalk Editorial
Team on 16 November 2006
Seminar to spell out WEEE
responsibilities
Seminar in London will discuss responsibilities for financial directors and CFOs of those companies affected by UK implementation of the WEEE Directive.
Repic, Ernst and Young and Eversheds are to hold a London seminar on 17th November 2006 for financial directors and CFOs of those companies affected by UK implementation of the WEEE Directive The seminar will discuss implementation of the directive and the legal responsibilities that distributors, producers and compliance schemes now have
This article was originally published on Electronicstalk on 15 Feb 2007 at 8.00am (UK)
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Workshops will discuss the WEEE regulations in the context of the relationships between the producer compliance schemes and councils who operate designated collection facilities.
The implementation places a series of obligations on producers of electrical and electronic equipment and costs are estimated to be between GBP 250 million and GBP 500 million according to the UK Government.
The WEEE Directive requires producers to provide the means to recycle all redundant, separately collected electrical and electronic appliances, from washing machines, to games consoles.
The cost of recycling redundant electrical equipment is the responsibility of the producer or retailer that introduces new products into the UK market.
The seminar will also include a briefing from Jane Southworth, a Senior Associate from Eversheds Manchester, on areas that business should review, including nonhousehold EEE (ie business to business) sales and existing end of life EEE product take-back and disposal.
There will be an explanation of how Repic will meet businesses producer obligations, including information flows and reporting, invoicing and payment terms and an outline of the compliance scheme agreement that all will need to sign.
David Gavins of Ernst and Young will give a brief summary covering the firm's current view on accounting for WEEE costs in the UK.
The final position will not be determined until after the regulations are issued in December but as no material changes to the draft regulations are expected, it is beneficial to obtain an update now.
Dr Philip Morton, Repic's Chief Executive, said: "Financial directors of electrical and electronic equipment companies are keen to assess the impact of the WEEE Directive on their accounts".
"The purpose of the seminar is to debate these issues and work together to establish best practice in this area".
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