The class is whatever the rules say that the class is. If that makes the bike virtually stock, except for a Power Commander, suspension, slicks, and exhaust, then that's what it is. For example look what they did with Daytona Sportbike, in the US, making bikes that really shouldn't compete together be legal for the class.
Given the current state of racing in Canada making moves to classes, that are closer to stock, isn't a bad idea. Maybe make aftermarket traction control legal, to even the playing field, and leave it at that? There's no money in the sport and, unless someone starts working hard at bringing in major sponsors from outside the industry, we're looking at some very lean years to come.