Mr. Chair, I have a few questions and an observation or two. I am going to share my time with some of my colleagues.
First, I would ask the Minister of Natural Resources for clarification because I have heard a couple of different perspectives on this one issue.
I heard Ms. Keen say earlier in her testimony that because of clause 2 of Bill C-38, in effect, for the 120 day period, AECL would be unregulated. Yet I have heard from the minister that this is not the case in his opinion. From a legal perspective, I assume that some of the minister's lawyers have taken a look at it.
I would like a little more precision on why the minister would say that in effect for that 120 days AECL would still be regulated.