Corporations Canada

ARCHIVED — Notice from the Director Proposed Regulatory Amendments to Canada Business Corporations Regulations, 2001 and Canada Cooperatives Regulations

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June 2, 2008

PDF Version – Notice from the Director Proposed Regulatory Amendments to Canada Business Corporations Regulations, 2001 and Canada Cooperatives Regulations
(PDF, 75,329 KB, 2 pages)

The purpose of this notice is to advise stakeholders that Corporations Canada has proposed a number of regulatory amendments to align the Canada Business Corporations Regulations, 2001 and Canada Cooperatives Regulations requirements for forms of proxy and proxy circulars with the relevant parts of National Instrument 51-102 – Continuous Disclosure Obligations.

This initiative is one of several being proposed by Corporations Canada to meet the government's Paperwork Burden Reduction Initiative, as outlined in Advantage Canada (November 2006) and the 2007 and 2008 Budgets. The goal of the Paperwork Burden Reduction Initiative is a 20 percent reduction for businesses in the administrative burden created by the administrative requirements and information obligations set out in the consolidated statutes and the associated regulations, policies, guidelines and forms for which key federal departments and agencies are responsible.

The proposed regulatory amendments were pre-published in the Canada Gazette, Part 1, on May 31, 2008. You can obtain a copy of the draft regulations and the Regulatory Impact Analysis Statement:

Interested persons may make representations regarding the proposed regulatory amendments by July 2, 2008. These comments should be addressed to:

Coleen Kirby
Corporations Canada
Jean Edmonds Tower South, 10th Floor
365 Laurier Avenue West
Ottawa, Ontario K1A 0C8
Email: kirby.coleen@ic.gc.ca

All comments received will be acknowledged. Once all of the responses have been received, a summary of the comments will be posted on the Corporations Canada's website (www.corporationscanada.ic.gc.ca). Please note that comments received will become part of the public record, unless Corporations Canada is specifically asked not to divulge them to the public.

Richard G. Shaw
Director General

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