Updated Shareholder Registration Requirements In B.C.

Last updated on October 5, 2020

Bennett Jones published a notice advising that “effective October 1, 2020, all private companies incorporated under the Business Corporations Act (British Columbia) (BCBCA) [are] required to maintain a transparency register disclosing certain prescribed information about those individuals (significant individuals) who exercise significant influence or control over the company by virtue of their shareholdings or influence over board composition. There are certain classes of private BCBCA companies and intermediary entities that are exempted from the transparency register requirement.”

Go here to read the full notice, which addresses possible exemptions and implications to compliance.