But it's removed on Canadian business. If it's only removed on American business, this rule will not apply. The impact has to be quantified and felt here in Canada.
I would also point out, because I'm not sure that I was clear enough in my statement, that it only applies where we have formal regulatory co-operation arrangements. Right now we have one under CETA, with the EU. We have the regulatory co-operation council with the U.S. The Canada free trade agreement established a regulatory co-operation table as well.
It's only in those situations. It's not with just any country without which we have an arrangement.