Thank you, Mr. Chair. Thank you, witnesses. I'll be splitting my time with Mr. Sheehan.
Mr. Davies, I noticed that the last time a comprehensive amendment was made to CBCA was back in 2001, so it's been about 15 years. This is a long gap. I would appreciate it if you could shed some light on why it took so long. Also, has any consideration been given to providing a periodic review of this framework, and if not, why not?