NRCan Updates Implementation Tools And Provides Guidance On Payments To Indigenous Payees Under The Extractive Sector Transparency Measures Act

Natural Resources Canada (NRCan) has published revised implementation tools under the Extractive Sector Transparency Measures Act (ESTMA) nearly two years after its initial implementation. The revised tools result from the review of submissions of reporting entities through the first reporting cycle and extensive consultations with a variety of stakeholders.

The revised implementation tools consist of:

• A revised guidance document, which provides general information on who is subject to ESTMA, which entities must report payments under ESTMA, and what payments should be reported under ESTMA;
• New guidance on reporting payments to Indigenous payees which to date have been excluded from the reporting obligation;