The new provisions provide more general rules that are tailored to the unique nature of the financial sectors in both Canada and Ukraine. The chapter includes core obligations such as market access, as I mentioned earlier, and also supports to key trade policy considerations such as affording national treatment and most favoured nation status to financial services crossing both borders. There are also new commitments on electronic payments and the processing of applications. It also includes a more robust prudential exception to ensure our financial sector regulators in order to preserve the integrity and stability of our financial system.
As I believe I mentioned earlier, we've given Ukraine a 10-year period to transition from its existing commitments it took at the WTO in the financial services sector to the proposed commitments in the modernized CUFTA chapter.