That's great.
Just for those listening in and watching, there are three points in particular, as part of this regulation, that are put in there to help with ensuring that they are held to a high safety standard. I will just quickly read two of them.
The first one is that to meet the standards under the UFD pathway, a company must meet several criteria outlined in the regulations including identifiable formulation, same conditions of use, same manufacturing process and specifications, and confirmation that the company possesses or has immediate access to all information submitted to the foreign regulator to support approval.
The second one is that the UFD review pathway does not diminish Canadian health and safety standards. Manufacturers and importers who submit applications through this authorization pathway will need to meet all Canadian regulatory requirements including bilingual product labelling, standardized safety statements, robust incident reporting and postmarket surveillance obligations.
With that being said, as promised, I will turn it over to you, Mr. Kolz and Ms. Bergeron, to provide some summary perhaps.