The Royal Canadian Mounted Police recently made a decision to reclassify the Swiss Arms PE90 as a prohibited firearm. The Swiss Arms PE90 is the Canadian version of SigSauer’s SIG551. The RCMP are in charge of how firearms in Canada are classified. As I understand it, a firearm can be classified as unrestricted, restricted, or prohibited by the RCMP’s Canadian Firearms Program.
The problem here is that the RCMP had originally classified the Swiss Arms Green Classic PE90 as either unrestricted or restricted depending on barrel length 10 years ago. Since then, Canadians have purchased upwards of 2,000 of these rifles at a cost between $3-4000 each. Now the RCMP is telling the gun owners that they must surrender these rifles to them without any sort of compensation.
The CBC has a rather good story on the whole controversy which is shown below: