For years, when someone wanted to start to operate a railway, they just had to go to the Canadian Transportation Agency and demonstrate that they had enough money to cover liability. One of the things the panel determined when it did its review was that there was probably a void, in that there were no safety requirements to determine whether a company was able to operate safely. At Transport Canada, through a project we call “regulatory capture”, we found that some new railways were operating without rules. Now all railways currently operating under provincial jurisdiction that are operating on a federal track will be required to obtain a railway operating certificate that will be based on a regulation that will determine the criteria they must meet in order to obtain their certificate. We're going to be able to remove it or alter it.
On April 24th, 2012. See this statement in context.