The seismic programs that are going to be part of those regulated by offshore boards and the NEB will still have to comply with all the regulations and standards they have to today. The exemption does not remove this requirement. Those who would conduct seismic activities that are not regulated by offshore boards—in other words, that are only speculative in nature—will continue to be regulated by the Oceans Act.
On May 28th, 2012. See this statement in context.