Well, I think the whole point of merging the possession-only licences with the possession and acquisition licences is to exempt the half a million gun owners who have not gone through screening to get an acquisition licence. It allows them to acquire new guns without going through that process; otherwise,they would just go through the process and get an acquisition licence because that's what you have to do as a gun owner if you want to buy guns.
On April 28th, 2015. See this statement in context.