As was alluded to just a moment ago, LIB-3 seeks to provide clarity and certainty as regards the definition of “effects” to incorporate both positive and negative dimensions as consequences of the changes.
We've heard from a number of stakeholders that this is important, both those who could be characterized as being much more pro industry and those who are on the other side of the spectrum. I think this will help clarify for stakeholders what the expectations are, and provide greater clarity to the public as well.
It will also complement other amendments that will clarify both positives and negatives and the consequences to be considered in assessments and decisions. This is going to dovetail with proposals later on in the document.