Yes.
Thank you for that.
The policy is really focused on the roles and responsibilities of the various players within that space and outlines—again, in the context of transfer payments—what the roles and responsibilities are in the design and implementation of transfer payments. In the case of transfer payments, that is the role of the Treasury Board, the Treasury Board Secretariat, ministers and deputy heads.
Then, when we move into the directive on transfer payments, that then provides additional information on how to operationalize your transfer payment programs and the considerations in that regard. That's really for departmental senior managers who are involved in the delivery of transfer payment programs, and in the design as well, to talk about what the requirements are for program terms and conditions and also what the requirements are for funding agreements. While we don't specify what goes into the funding agreements, we do give considerations for departments as to what we would expect them to include in those agreements.