FEDERAL REG

SOR/2016-122: Issue of a Two Dollar Circulation Coin Specifying the Characteristics and Determining the Design — Order Authorizing Royal Canadian Mint Act

REGISTRATION OF FEDERAL REGULATION - VIA PART II OF THE GAZETTE

Registered
June 4, 2016


REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Order.) Issues The Royal Canadian Mint (RCM) wishes to produce a commemorative $2 circulation coin honouring Canada’s veterans on the occasion of the 75th anniversary of Canada’s leadership role in the Battle of the Atlantic (Second World War). Pursuant to Sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in C... (Click for more)


Published on June 4, 2016

Bill Summary

SOR/2016-122: Issue of a Two Dollar Circulation Coin Specifying the Characteristics and Determining the Design — Order Authorizing Royal Canadian Mint Act

REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Order.) Issues The Royal Canadian Mint (RCM) wishes to produce a commemorative $2 circulation coin honouring Canada’s veterans on the occasion of the 75th anniversary of Canada’s leadership role in the Battle of the Atlantic (Second World War). Pursuant to Sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in Council may, by order, authorize the issue of circulation coins of a denomination listed in Part 2 of the schedule of that Act and determine the design of any circulation coin to be issued. Background The RCM produces commemorative circulation coins as a means to assist in the promotion of Canada, Canadian values, culture and history to Canadians. These special coins raise awareness of celebrations and anniversaries of importance to Canadians and create engagement with the Canadian public. Objectives The RCM wishes to produce a commemorative $2 circulation coin in honour of Canada’s veterans on the occasion of the 75th anniversary of Canada’s leadership role in the Battle of the Atlantic (1939–1945). This coin will communicate the contributions and sacrifices of our veterans in order to facilitate remembrance among Canadians. It will inform and educate Canadians about the meaning, significance and relevance of Canada’s military history. These coins serve as tangible keepsakes of the contributions and sacrifices of our veterans. Description This Order authorizes the RCM to produce a commemorative $2 circulation coin depicting a sailor manning an anti-aircraft gun on the deck of a Canadian warship during the Second World War. In the background are two Merchant Navy ships that are part of the same convoy and a Canadian-made Bristol Beaufighter aircraft. “One-for-One” Rule This Order does not impose new administrative costs on business. Therefore, the “One-for-One” Rule does not apply. Small business lens This Order does not impose new administrative or compliance costs on small business. Therefore, the small business lens does not apply. Rationale The 75th anniversary of the Second World War has been identified as a key nation-building milestone by the Interdepartmental Commemorations Committee (ICC) — chaired by the Department of Canadian Heritage — which manages the Government of Canada commemorative priorities. Under the ICC purview, this anniversary has been identified as a priority commemoration by the Government of Canada. Because these coins are available at face value and circulate widely, public demand is high with many coins being collected and taken out of circulation. Commemorative circulation coin programs contribute to the overall success of the event being commemorated. All coins will be distributed through financial institutions. Contact Simon Kamel Vice-President Corporate and Legal Affairs and Corporate Secretary Corporate and Legal Affairs Royal Canadian Mint 320 Sussex Drive Ottawa, Ontario K1A 0G8 Telephone: 613-993-1732 Fax: 613-990-4665 Email: [email protected] Footnote a S.C. 1999, c. 4, s. 3 Footnote b S.C. 1999, c. 4, s. 3 Footnote c R.S., c. R-9 Footnote d SOR/2000-161, s. 2

This Bill does not amend any statutes.

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