Thank you.
There's a similar provision in the Pension Benefits Standards Act. What it does is recognize that there are different jurisdictions respecting pension plans, and there will be respecting PRPPs.
There will be provincial legislation, we hope, that will address situations where a PRPP is established by an employer who is subject to provincial labour laws. This act governs PRPPs established by employers who are subject to federal labour laws.
This will enable jurisdictions to coordinate or try to aim at harmonious legislation and requirements that will apply to PRPPs across the country. So it's recognizing federal cooperation.