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ARTICLE · 22 JULY 2009

Draft Investment Canada Regulations Establish National Security Review Process And General Review Thresholds

Norton Rose Fulbright Canada LLP
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When amendments to the “Investment Canada Act” (“ICA”) were rushed through the Canadian Parliament earlier this year as part of the “Budget Implementation Act 2009” (“Bill C-10”), many important details were left to be dealt with through revisions to the “Investment Canada Regulations”.

CanadaAntitrust/Competition Law
Kevin Ackhurst
Kevin Ackhurst
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When amendments to the Investment Canada Act ("ICA") were rushed through the Canadian Parliament earlier this year, many important details were left to be dealt with through revisions to the Investment Canada Regulations. On July 11, 2009, Industry Canada published proposed new National Security Review of Investments Regulations and amendments to the Investment Canada Regulations (collectively, the "Draft Regulations"). The Draft Regulations set out the process for national security reviews and establish the basis for calculating the new investment review threshold. They also increase the informational requirements for non-Canadians in applications for review and notification forms for net benefit and national security review purposes.

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