Yes. This one is very short, so I think I can get through it. As well, I strongly hope that some of my colleagues will be voting with me on this amendment.
This is an amendment that came by SHARE, the Shareholder Association for Research & Education. It would amend Bill S-211 by adding after line 34 on page 10 the following new clause:
21.1 If an offence under this Act is committed or continued on more than one day, it constitutes a separate offence for each day on which it is committed or continued.
Bill S-211's current fines for non-compliance, of $250,000, are not likely to be sufficient in ensuring compliance, particularly among large corporations. Therefore, this amendment ensures that fines will be made on a continuing basis, as is the case with the Extractive Sector Transparency Measures Act, a similar piece of reporting legislation.
Thank you.