Can we draw the following hypothesis from the context (see options)? 

Context:

The federal act, when it applies to Quebec and the other provinces, will affect federally regulated businesses-notably telephone companies, banks, airlines and interprovincial carriers-as well as all interprovincial and international personal data exchanges for business purposes.

Hypothesis: the federal act will affect business whether it applies to quebec or not
Pick your answer from: (I). Yes; (II). It's impossible to say; (III). No;
(III).