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Things to know

  • Companies operating in certain industries must comply with specific laws applicable to that industry. This could also involve a requirement to obtain a licence or permit, or to make additional filings.  Examples of these industries are: financial services, fisheries and forestry, food and drug, energy, health, franchising, mining, oil and gas, securities, telecommunications, travel and transportation.
  • Certain activities may also require additional regulatory compliance, such as environmental laws. Depending on the industry, these laws may be federal laws or provincial/territorial laws. These industry-specific laws are in addition to the legislation that applies generally to all companies operating in Canada, or in a particular province or territory of Canada.
  • There are also restrictions on ownership for companies in certain industries. Examples are aviation, banking, insurance and telecommunications.

Things to do

  • Research industry-specific requirements. Consult legal counsel as necessary.
  • Apply for any required permits or licences.
  • Implement processes to ensure timely and correct ongoing regulatory filings. 
  • Conduct periodic reviews to ensure continuing compliance.
  • Pursue appropriate risk-management strategies and be prepared to respond quickly and effectively in the event of an unforeseen crisis.
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