Proposed regulations amending the Canada Business Corporations Regulations, 2001 – Register of individuals with significant control

On October 29, 2022, proposed regulations amending the Canada Business Corporations Regulations related to the register of individuals with significant control were prepublished in the Canada Gazette.

The proposed regulations relate to:

  • reasonable steps a corporation is to take to update its register of individuals with significant control;
  • prescribed steps if a corporation is unable to identify any individuals with significant control; and  
  • exempted classes of corporations.

How to get involved

You can comment on the proposed regulations until November 28, 2022.

Read the proposed regulations in the Canada Gazette

Submit your feedback using the online commenting feature