Thank you very much, Chair.
Thank you, Mr. Ferguson, for a detailed and thorough report.
I know that some critics have criticized the SMS as it moved toward safety deregulation. I didn't get that from your report. I know that the legislation provides that a safety management system must include 12 components, which are set out in there or the components specified. Now, your audit was essentially auditing whether Transport Canada sufficiently understood whether those railways that had SMS were complying with the requirements of what an SMS should include, and whether it was properly implemented. Is that what you were looking at?