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 Transparency Measures Act (ESTMA). Reporting Entities can enrol by downloading a "reporting entity contact form" (available here) which must be completed and submitted prior to submitting an ESTMA report. Upon enrollment, Reporting Entities will receive an ID Number and notification of new information published on NRCAN's website.

Enrollment is not required until the initial ESTMA reports are due; however, NRCAN is encouraging early enrolment. 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. As an example, companies with a December 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 a two-year period