GI-2025-7-reg4: Diversity Information Disclosure (Trust and Loan Companies) Regulations

About 16 distributing (publicly traded) trust and loan companies are directly affected — these are larger institutions familiar with similar provincial securities rules. Each company will need to collect diversity data across their organization, fill out a standardized table, and disclose it to shareholders alongside their annual meeting notice. The government estimates this takes roughly 24 hours of staff time in the first year (split between a senior manager and a finance professional) and only about 6 hours per year after that, with total costs across all affected companies estimated at just over $8,100 annually. Small businesses are not affected, and the regulation does not apply to non-distributing (privately held or non-publicly issuing) trust and loan companies.