Mr. Chairman, we believe that the current exemption provided in the Access to Information Act contains subjective qualifications that are subject to interpretation; therefore, it would lead to numerous complaints being presented to the Information Commissioner.
Third-party information protection is based on a proof that the third party has consistently kept the information confidential. We need private investments with general partners who do not wish to partner with organizations where there's a risk of their information being disclosed.
We believe the current exemptions that are proposed in Bill C-2 are clearer and more unequivocal. When we go to various parts of the world and try to do business with partners, we could tell them this is a specific protection given to PSPIB, this is what it means, and it's in plain English. They'll understand and they will not object to doing business with us.
Mr. Fyfe could perhaps describe the detriment that we would have in terms of monetary value if we're not able to access those partners.