Thanks very much for the question.
From our reading, this amendment imports about half the formulation or language that was voted on through Bill C-59. It essentially allows parties to benefit from a shortened limitation period when applying for an advance ruling certificate. That is a mechanism to ensure that the bureau is aware of a transaction, but it doesn't make this allowance for fully notified mergers, as Bill C-59 does. In that sense, it's a half-measure.
What it will do is create two different pathways by which an organization can do that kind of notification approach, and it will create a lot of administrative burden for the bureau as well as for companies because it will simply encourage them all to apply for advance ruling certificates rather than simply notifying. That creates a lot of extra work for the bureau to then review, assess and respond to. It essentially becomes an ineffective half-measure. It allows for this extension to occur but only in certain circumstances, which will then incentivize behaviour to take, essentially, the other pathway.