This enactment amends the Department of Industry Act in order to require the Minister of Industry to publish certain information concerning the financial assistance provided either under section 14 of the Act or by any economic development or opportunities agency for which the Minister is responsible.

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Definition of quarter

14.‍1 (1) In this section, quarter means any period of three months beginning on the first day of January, April, July or October.

Publication — financial assistance

(2) Within 90 days after the end of a quarter in which loans or grants or contributions were made or loan insurance or credit insurance was provided, either under section 14 or by any economic development or opportunities agency for which the Minister is responsible, the Minister shall publish the following information on the department’s website:

• (a) a statement of all loans and grants or contributions made, and loan insurance or credit insurance provided during that quarter;

• (b) the circumstances of and terms and conditions for repayment of the loans made, the repayment method chosen, the repayment schedule and the repayment status; and

• (c) in the event that stock options or other financial or similar instruments were obtained as a condition under which loans or grants or contributions were made, or loan insurance or credit insurance provided, the details of these options, including the number of options acquired, exercised, assigned or sold, and the terms and conditions attached to the options.

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