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Impact of PSR and other financial rules on ownership
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Canada | Publication | June 28, 2024
Summer is underway in Quebec. Like every year, this season will be short and the cooler temperatures will be fast upon us. This year, fall means amendments to the Act respecting labour standards (the Act) come into force.
As of September 27, 2024, Quebec employers must ensure that their harassment prevention policies comply with the minimum content defined by the Act.
First of all, this policy will now be called the "policy to prevent and manage situations of psychological harassment." More than just a new title, it also includes new obligations for employers, including designating a duly trained person to handle complaints and reports, developing an inquiry process and implementing measures to ensure confidentiality.
Your policy must set out, in particular:
Note that these changes apply only to companies under provincial jurisdiction.
It is therefore in the interest of provincial jurisdiction companies to review their policies now, and update them as necessary to comply with the changes to the Act before they come into force on September 27. Moreover, the law provides for fines in the event of failure to adopt a compliant policy.
This summer, take some time to review your psychological harassment prevention policy!
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An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
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