It's $25,000 per day per infraction. It can accumulate rapidly, and certainly much more than $10,000 per day per infraction. If, for example, a company fails to adhere or comply with an aspect of the act and it's taken, say, three weeks, that's $25,000 per day per infraction over a three-week period. It could conceivably make a bit of a dent. Certainly, our position is that we need to come up with a penalties regime that will allow us to correspond to typical deal valuations and inflation.
On April 26th, 2023. See this statement in context.