Madam Speaker, proposed subsection 21.303(3), “Exemption on application”, notes, “the Director may choose to not make it available to the public, subject to any terms that the Director thinks fit”. Under proposed subparagraph 21.303(3)(b)(iii), at the top of page 4, it says, “prescribed circumstances apply to the individual.” There is a lot of leeway in the bill, as it is currently written, for the director of Corporations Canada to determine what information could be exempt.
I am wondering if the government is open to some clarification or any type of schedule that we could develop to ensure that the maximum number of corporations that should be in the registry are in fact covered. I would also note that the points on interoperability with the province will likely need some clarification as well, just to ensure that the registry is in fact pan-Canadian.