Okay.
Maybe I'll put in layman's terms how I understand it, and you can confirm whether I understand it correctly.
To a certain extent, a regulatory sandbox is to ensure that when a regulation comes out, it fits. It doesn't need to be modified. It doesn't need to go back to the drawing table and be redone. It doesn't need to take six years, as you pointed out; it can be done faster. As part of this process, from what I understand, you identify the various stakeholders that are impacted or concerned, and you bring them to the table. They all participate. It's not a check box. They work together at developing a regulation that people will agree on and that will fit Canada, in other words.
Would that be, in layman's terms, a good description of a regulatory sandbox?