Mr. Martin: To be clear, there are standards — we have a world class standard for pipeline construction and inspection — and there is oversight.

A part of that practice in world-class standards, particularly in electronic commerce and the use of the Internet, is the adoption of standards that reflect the flexibility that is also part of electronic infrastructure.

These measures would build on a sound system overseen by strong regulators to ensure world-class standards for Canadian offshore and nuclear industries.

These measures, which are contained in this bill, would build on a sound system overseen by strong regulators to ensure world-class standards for Canada's offshore and nuclear industries.

This will be done not only to Canada's world-class standards. It will be done to Enbridge world-class operational guidelines.

The Commission should be empowered to adopt delegated acts in accordance with Article 290 TFEU in respect of technical adjustments to Directive 2006/48/EC to clarify definitions to ensure uniform application of that Directive or to take account of developments on financial markets; to align terminology on, and frame definitions in accordance with, subsequent relevant acts; to expand the content or adapt the terminology of the list of activities subject to mutual recognition under that Directive to take account of developments on financial markets; to adjust the areas in which the competent authorities are required to exchange information; to adjust the provisions of that Directive on own funds to reflect developments in a ...[+++]ccounting standards or Union legislation, or with regard to the convergence of supervisory practices; to expand the lists of exposure classes for the purposes of the Standardised Approach or the IRB Approach to take account of developments on financial markets; to adjust certain amounts relevant to those exposure classes to take into account the effects of inflation; to adjust the list and classification of off-balance sheet items; and to adjust specific provisions and technical criteria on the treatment of counterparty credit risk, the organisation and treatment of risk, the Standardised Approach and the IRB Approach, credit risk mitigation, securitisation, operational risk, review and evaluation by the competent authorities and disclosure in order to take account of developments on financial markets or in accounting standards or Union legislation, or with regard to the convergence of supervisory practices.