Questions tagged [mandatory]

Elena Sun Sep 22 2024 | 7 answers 1744

I'm curious, is BIM, or Building Information Modeling, mandatory in the United States? I've heard it's becoming increasingly popular in the construction industry, but I'm not sure if it's a legal requirement or just a best practice. If it's not mandatory, what are the benefits of adopting BIM that might make it worth considering for a project? And if it is mandatory, what are the specific regulations or guidelines that govern its use in the US?

Stefano Fri Sep 20 2024 | 6 answers 1465

I've been following the news about the Federal Reserve's new real-time payments system, FedNow, and I'm curious about its implementation. My question is, will FedNow be mandatory for financial institutions to participate in? Will it replace existing payment systems, or will it coexist with them? Will there be any incentives or penalties for banks that choose not to adopt FedNow? I'm interested in understanding the potential impact this system could have on the financial landscape and how it might affect the way consumers and businesses conduct transactions.

Eleonora Sun Sep 15 2024 | 5 answers 1486

Excuse me, I'm curious about the regulations in New York regarding workers' compensation. Is it a requirement for all employers in the state to provide workers' compensation insurance to their employees? I understand that this insurance covers medical expenses and lost wages for employees who suffer from work-related injuries or illnesses, but I'm not entirely sure if it's mandatory or not. Could you please clarify this for me? Thank you in advance for your time and assistance.

KpopStarlet Wed Sep 11 2024 | 7 answers 1523

Good afternoon, I was recently considering engaging in cryptocurrency trading and I've come across the term "KYC". Could you please clarify if Know Your Customer (KYC) is indeed mandatory for trading cryptocurrencies? I'm curious about the regulations surrounding this process and how it affects traders, both individuals and businesses. Additionally, I'd like to understand if there are any exemptions or variations in KYC requirements across different exchanges or platforms. Thank you for your time and assistance in this matter.

Valentino Fri Sep 06 2024 | 5 answers 1411

Could you please clarify which specific context or country you're referring to when asking about the mandatory nature of workers' compensation in certain states? In the United States, for instance, workers' compensation insurance is generally required by law for most employers to cover medical expenses and lost wages of employees who are injured or become ill due to work-related causes. However, the specifics can vary from state to state, so it's essential to consult the relevant state laws and regulations to understand the mandatory requirements in a particular jurisdiction. Could you elaborate on your question or provide more context so I can provide a more accurate answer?