The National Assembly of Québec has assented to Bill 78,
An Act mainly to improve the transparency of enterprises.
As its name indicates, Bill 78 aims to increase the transparency of
enterprises operating in Québec as part of a wave of
international efforts directed at countering tax fraud, money
laundering and the financing of terrorist activities. Bill 78
amends the Act respecting the legal publicity of
enterprises (LPA) to add an important aspect to the role of
the Québec Enterprise Registrar (REQ). In doing so, the
Québec government has followed and even gone further than
the federal government and other provinces that enacted similar
legislation.
Who Are Registrants?
Registrants are persons or groups that must be registered with
the REQ in accordance with the LPA or that register voluntarily,
including corporations, partnerships, trusts operating a commercial
enterprise, cooperatives, sole proprietorships and other groups
carrying on business in Québec,
