Mr. Speaker, ministers could not use these provisions to exempt themselves or others from obligation under statutes such as the Conflict of Interest Act, for example. The authorities would apply it only to laws within a minister's portfolio and only for the purpose of testing and innovating under regulatory supervision. Nor is it intended to bypass important protections and lead to regulatory changes that compromise safety or environmental standards.
Regulatory sandboxes are a valuable tool. We would use them to support innovation and to help grow our economy, making it more competitive by creating environments and processes for companies to grow in a way that continues to protect the best interests of Canadian workers, consumers, businesses, the public and the environment.