Thank you.
I want to make sure that I have understood properly.
Statutory and regulatory organizations were discussed. My understanding is that a statutory organization is an organization created pursuant to the act, while a regulatory organization is set up pursuant to the regulations.
In addition, unless I am mistaken, you say that Bill C-35 provisions are a good starting point, but the ideal institution in the medium term would be an organization created pursuant to the act.
Did I understand that part properly?