Thank you so much, Mr. Chair, for the question.
I'll try to avoid talking about the multiple tools in the tool kit again, but I will in one sense.
In this particular instance, we've essentially allowed for the regulations to set out an institutional category that would not have access to the CCAA for the purposes of an orderly wind-up. That definition will be set out in the regulations and will then be added to. There is context and capacity for the government to potentially augment or consider other entities that might need to live within that regulatory structure. We probably have to come back legislatively to think about other categories, but generally speaking, the regulations will set out what we're talking about when we talk about a publicly funded institution. I think in many of these cases we do need to be thoughtful about the marketplace out there and about why these people wouldn't have access to an orderly wind-up, because there are certain protections actually in place under the CCAA that we would want to afford to other cases that would potentially benefit from the CCAA.
I do think, in the context of other protections, that this is part of the rationale for our having done a number of other things in this space, including changes to the Pension Benefits Standards Act. Those were not by me but by my colleagues in Finance. There were also the changes we've made to the bankruptcy proceedings in terms of some of those considerations for other organizations or groups, including labour and including as they relate to pension rights, as well as things such as what we've done under the Canada Business Corporations Act, under which a federally incorporated corporation is under obligation to report back on a regular basis as it relates to the treatment of its workers and pensioners.
There are other protections, particularly for the types of transformational aspects that you're talking about, but as they relate to bankruptcy and to access to the CCAA, the test is size, and the second piece will be determined in the regulations.