Okay. Life annuities have been offered by life insurance companies for many years, and some banks were interested in trying to create a product that would, to some degree, offer the same sort of protection or insurance to a consumer. But understanding that there was the existing prohibition in the Bank Act, the banks attempted to come close, but not to cross the line. The view was that it was not consistent with the spirit of the legislation, so the decision was made to provide this clarification in law.
On May 16th, 2012. See this statement in context.