101Record‑keeping requirements—preparation of offsets report

101 Record‑keeping requirements—preparation of offsets report

(1) For subsection 192(2) of the Act, this section sets out record‑keeping requirements that a project proponent for an eligible offsets project must comply with if the project proponent: (a) makes a record of particular information; and (b) uses the information to prepare an offsets report about the project. (2) The project proponent must retain: (a) the record; or (b) a copy of the record; for 7 years after the offsets report is given to the Regulator. (3) If: (a) under regulation 17.2 of the old CFI Regulations, the project proponent was required to retain a record, or a copy of a record, for 7 years after an offsets report was given to the Regulator; and (b) on or before the commencement day, the 7‑year period has not ended; the project proponent must retain the record or copy of the record for the remainder of the 7‑year period.