First, I'd like to make a correction to my last post. It's not actually the ARAK that is hoped to be NR. It is the XRS-C which is an adaptation of the ARAK, so I apologize for the misinformation.
XRS-C stand for eXtrem Rifle System - Canada. Faxon created it just for the Canadian market.
Update is: The CFP has received and accepted the application and now we wait for them to get back to us.