Thank you, Mr. Chair.
I'm going to direct my questions to Mr. Conacher. You cited what you characterized as being huge loopholes in the bill, including with respect to the third party financing regime, which would allow the use of foreign funds. I presume that, by “a major loophole”, you were referring to the exception in the bill whereby certain third parties could use their own funds if contributions constituted 10% or less of the third party's revenue in the year prior to the pre-election period. Is that the loophole you're referencing?