Impact For Investors Of Canada's Implementation Of Its Commitments Under Convention On Cluster Munitions

Canada has implemented its commitments under the 2008 international Convention on Cluster Munitions by ratifying the Convention and bringing national legislation, the Prohibiting Cluster Munitions Act (Cluster Munitions Act), into force on March 16, 2015¹ and this might be of interest to investors and fund managers.

The Cluster Munitions Act prohibits the use, development, production, acquisition, possession, import or export of cluster munitions, explosive submunitions and explosive bomblets (collectively, "cluster munitions"), as well as the foreign movement thereof for purposes of transferring their ownership and control. It also prohibits attempting to commit, or aiding, abetting, counselling or conspiring to commit, such a prohibited act and providing assistance after a prohibited act.