You will see that the actual changes are fairly technical. They change merely the wording in the existing sections. From a legal perspective, it captures a slightly broader construct than the original wording. The liability in respect of the annuity is contingent upon the death of a person. That is the concept we were trying to capture. In other words, we wanted to be clear that banks could not offer a product that is contingent upon the death of the consumer.
On May 16th, 2012. See this statement in context.