You started off with an explanation that the experts in Canada said it could potentially apply to a garden variety partnership, and you asked if I agreed with that, and I said no. Then you went on to say that in fact that's right, you don't agree with it either. So we don't think there's a particular problem there, and apparently Mr. Morand doesn't think there's a particular problem there.
With respect to whether a partnership that's offloading risk into some other vehicle is potentially caught by these rules or not caught by these rules, I'm not sure what “offloading risk” means, and I'm not about to venture an opinion on that in the course of testifying here on something that obviously merits much more discussion.