The ultimate determinant of the exemption will be the director of Corporations Canada, who currently has the authority already to be able to make exemptions for other aspects of the Canada Business Corporations Act. The only automatic exemption is for those persons under the age of 18, for the protection of their privacy.
The other exemptions will be required to.... What we imagine under that is, potentially, blind trusts, because the purpose of a blind trust is defeated if you can publish the information related to it.
The director will need to make public, on an annual basis in their annual report, how many exemptions they've provided.