Thank you, Mr. Chair. Hopefully, this one finds a better path.
It increases the one-year limit to commissioners to challenge a notifiable merger to three years. Bill C-59 increased the limit to three years only for mergers for which the commissioner has issued an advance ruling certificate or for not-notifiable mergers but excludes notifiable mergers. We can keep the exceptions for advance certifications under section 102 to align with Bill C-59, but extend three years for all other mergers based on the commissioner's advice that three years would be helpful, which he raised in his testimony.
What we're doing is giving more runway for the commissioner. I don't have to get into further details, but we had a lot of testimony in favour of that, and I think that giving the competition commissioner more time is a modest improvement to what we have.