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Table 4.1.4: Industry Canada's Regulatory Plan
This table outlines major or significant initiatives that Industry Canada expects to submit for legal examination or final approval. It contains information on proposed major or significant initiatives that are scheduled for implementation during the planning period, and includes their expected results.
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Regulatory Initiative
Canada Small Business Financing Program (Amendments to Reduce Administrative Burden/Irritants to Lenders) |
|
| Regulations | Expected Results |
| The department will proceed with Canada Small Business Financing Program regulatory amendments to reduce administrative burden to lenders. | The department will propose amendments that will reduce the administrative burdens and irritants to lenders, and ensure that the Canada Small Business Financing Program remains modern and relevant. |
|
Regulatory Initiative
Revision of Bankruptcy and Insolvency Act regulations and creation of Companies’ Creditors Arrangement Act regulations |
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| Regulations | Expected Results |
| Revision of Bankruptcy and Insolvency Act (BIA) regulations in conjunction with legislative reform of the BIA. (Timing of regulatory changes dependent upon timing of legislative reform coming into force. ) | Continued modernization of the regulations to keep pace with changes in the marketplace. |
| Creation of Companies’ Creditors Arrangement Act (CCAA) regulations in conjunction with legislative reform of the CCAA. (Timing of regulatory changes dependent upon timing of legislative reform coming into force.) | Creation of the new regulatory regime under the CCAA will allow Industry Canada to gather information regarding CCAA filings in order to form future policy development. |
|
Regulatory Initiative
Revision of Bankruptcy and Insolvency Act regulations and creation of Companies’ Creditors Arrangement Act regulations |
|
| Regulations | Expected Results |
| Comprehensive package of regulatory changes for both the BIA and CCAA | Continued modernization of the regulations to keep pace with changes in the marketplace. |
|
Regulatory Initiative
Measures to protect Canadians on the Internet |
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| Regulations | Expected Results |
| Introduce new measures to combat spam and other related online threats, and continue measures aimed at stronger law enforcement. |
A safer online marketplace for business and consumers, through stronger law enforcement, better cooperation with the private sector and consumer associations, increased education and awareness for consumers and small business, and improved international cooperation.
These measures are aimed at limiting spam and related threats originating in Canada and at strengthening the capacity to work internationally on reducing threats. |
|
Regulatory Initiative
Strengthen Privacy Protection for Canadians |
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| Regulations | Expected Results |
| Introduce new and amended provisions to the Personal Information Protection and Electronic Documents Act aimed at improving the effectiveness of the Act and strengthening the privacy protections it contains. Of particular note will be the introduction of a legislative amendment requiring organizations to notify individuals in the event of loss or theft of their personal information. |
The changes will provide additional clarification and guidance to the marketplace, which will serve to strengthen privacy protections for Canadians, provide businesses with greater certainty of their obligations under the Act and provide the Privacy Commissioner with the ability to collaborate with data protection authorities in other jurisdictions.
The data breach notification requirement will help curb identity theft. |
|
Regulatory Initiative
Olympic and Paralympic Marks Regulations |
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| Regulations | Expected Results |
| Following the passage of the Olympic and Paralympic Marks Act, the department will bring forward regulations so that the legislation can come into force and provide additional protection for Olympic marks and symbols, in the context of the 2010 Olympic and Paralympic Winter Games in Vancouver. | The regulations and legislation are intended to strengthen the exclusive rights of the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games over Olympic words and symbols, and thereby help contribute to the financial success of the Games by maximizing sponsorship revenue. |