Let me take the first question, on whether or not there's a likelihood that the wool has been pulled over my eyes in the discussions I've had with new entrants.
Of course that's always possible. However, new entrants have to get an approval from the Superintendent of Financial Institutions. There's an exhaustive process they have to follow in order to get that approval. It includes the submission of a detailed business plan and an assessment of the risks the business plan would pose.
A new entrant that proposes to target the lower credit scores and the higher-risk market would have to flag that in the application to the superintendent. The superintendent would take that into account when making a recommendation to the Minister of Finance for the approval of the incorporation of that new entry into the mortgage insurance market.
You asked as well whether there's an obligation—