Thank you for your question.
As you've noted, the Canadian Payments Association is the owner and operator of Canada's national clearing and settlement infrastructure. Through the amendments we are proposing to the Canadian Payments Act, we will be implementing changes to the CPA's governance structure. Notably, we'll be introducing greater independent decision-making within the association. As a result of these changes, we expect that the decisions made by the association in terms of how the core national clearing and settlement infrastructure is operated will be more balanced, reflecting the three public policy objectives that the government has for the association: safety and soundness; efficiency of the systems; assurance that the systems are operated for the benefit of consumers and business users.