We have had discussions with banks and blended institutions, provinces, and of course the fishers about changes to policies regarding how licences are reissued. That's the vernacular for licence transfer.
In the past it has been up to the fisherman whose name is on the licence to name the person to whom they wish to have that licence reissued. There's been no other possible intervention in that process. So the practice is that if the person the fisherman is naming meets the qualifications to hold that licence, they always get it, and nobody can intervene in that.
What we've done with preserving the independence of the inshore fleet in Atlantic Canada and trying to get at the whole issue of trust agreements is to work with the banks to see if there's a way they can lend money and then have some ability to have a say in the actual reissuance of the licence. In the event the person to whom they've loaned money to purchase that enterprise defaults and the bank forecloses, the bank has to have some ability to avoid having the licence sold from underneath them, leaving them with no ability to cover their losses. So we've worked out an arrangement where the bank and the person who holds the licence would both have to sign the documents to have the licence reissued.
The banks were looking for a bit more. They wanted to have a say in who got the licence. We haven't gone there yet.