Industry committee  Correct. That's provided for in regulations.

Industry committee  As regards the net benefit criterion under the act, the act prescribes a very clear threshold. If a transaction is above that threshold, it is subject to review.

Industry committee  To clarify matters, all information communicated by an investor under the act is subject to the confidentiality clauses of the act. However, it does occur that, in the case of certain transactions, the investor chooses to make public certain commitments that it has made to the go

Industry committee  Allow me to add that, under the Investment Canada Act, a transaction may be subject to review if it is above a certain threshold. In that case, the net benefit review threshold under the act is based on the book value of the assets concerned by the transaction in question. The re

Industry committee  We can't discuss a transaction subject to the Investment Canada Act. I can talk to you in a general way about the terms and conditions that apply under the act and regulations, but I cannot talk about specific cases.

Industry committee  The regulations clearly state that it is indeed the book value of the assets concerned that applies and that that value is taken from the financial statements of the Canadian business for the most recent fiscal year, prepared in accordance with generally accepted accounting pract