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Real Estate Focus - December 2024
December has been a very busy month, with a flurry of new government policies and consultations.
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Canada | Publication | November 1, 2024
On October 28, Bill 190, Working for Workers Five Act, 2024 received royal assent. As with previous “Working for Workers” legislation, Bill 190 amends several workplace law statutes in an omnibus format.
The statutes amended by Bill 190 are:
Many of the changes to the statutes above are technical or focused on narrow applications. Only a few generally apply to all employers in the province – summarized in this update.
The following changes to the ESA were effective as of October 28, 2024:
The following changes to the ESA will be effective on a date to be named by the government:
It is worth noting these two new recruitment rules are in addition to three proposed in the Working for Workers Four Act, 2024, which received royal assent on March 21, 2024. Those earlier three rules relate to pay transparency in job postings, prohibiting “Canadian experience” requirements in job postings or application forms, and disclosing use of artificial intelligence in the recruiting process. For more information see our update Bill 149, Working for Workers Four Act, 2023 proposes further changes to Ontario workplace laws.
All five new recruitment rules will come into force upon proclamation by the government. On September 20, 2024, the Ontario government completed public consultations regarding future regulations relating to these new recruitment rules. We expect these new rules will be proclaimed into force once the corresponding regulations are completed
The following changes to the OHSA were effective as of October 28, 2024:
The following change to the OHSA will come into effect on a date to be named by proclamation:
Publication
December has been a very busy month, with a flurry of new government policies and consultations.
Publication
On 13 December 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 53 (PMB 53) which includes confirmation of the final form of two new, and one amended, sponsor-related technical notes previously consulted on in PMB 50, and a consultation on various proposed changes to the technical and procedural notes in the FCA’s knowledge base.
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The Regulator has provided a link to its dashboard webinar held on November 26, 2024, which it urges scheme trustees to watch. The Money and Pensions Service also collaborated with the Pensions Dashboard Programme to host a “town hall” dashboard event on December 2, 2024.
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