Commentary: Enrollment opened under the Extractive Sector Transparency Measures Act

Natural Resources Canada (NRCan) has opened the enrollment process for companies who meet the definition of a “reporting entity” under the Extractive Sector […]

Topics

Natural Resources Canada (NRCan) has opened the enrollment process for companies who meet the definition of a “reporting entity” under the Extractive Sector Transparency Measures Act (ESTMA). Reporting entities can enroll by downloading a “reporting entity contact form” available at www.nrcan.gc.ca/mining-materials/estma/18186, which must be completed and submitted prior to submitting an ESTMA report. Upon enrollment, reporting entities will receive an ID number and be notified of new information published on NRCan website. Enrollment is not required until the initial ESTMA reports are due; however, NRCan is encouraging early enrollment. Annual reports under ESTMA are due 150 days after a reporting entity’s financial year end, beginning with financial years commencing after June 1, 2015. For example, companies with a Dec. 31 year-end will be required to submit their first annual report by May 30, 2017. Reporting of payments made to aboriginal governments or entities is deferred for two years until June 1, 2017. NRCAN has also finalized the ESTMA implementation tools … Read the entire story at www.NorthernMiner.com/regulatory-issues/commentary

Comments

Your email address will not be published. Required fields are marked *

Mar 27 2024 - Mar 28 2024
Apr 08 2024 - Apr 09 2024
Apr 15 2024 - Apr 16 2024
Apr 16 2024 - Apr 16 2024