Canadian Telecommunications Common Carrier Ownership and Control Regulations

'The Canadian Telecommunications Common Carrier Ownership and Control Regulations establish guidelines for the ownership and control of Canadian telecommunications common carriers. These regulations aim to ensure that Canadian carriers are owned and controlled by Canadians, as defined in the Telecommunications Act. The regulations provide definitions for key terms such as "Canadian," "carrier holding corporation," "excess voting shares," and "holdco excess voting shares." They also outline procedures for determining whether a Canadian carrier is eligible to operate, including requirements for affidavits or declarations from shareholders, trustees, mutual insurance companies, partnerships, pension fund societies, and qualified corporations. The regulations provide a six-month transition period for existing carriers to establish their qualified corporation status. Overall, these regulations aim to promote the ownership and control of Canadian telecommunications common carriers by Canadians.'