Well, the intergovernmental agreement achieves a number of different benefits, but on this particular point, the ability to collect information under our own law and provide it to the Canada Revenue Agency and then to transmit it under our own law and the Canada-U.S. tax treaty seems to avoid potential concerns on privacy issues, as well as with—sorry, regulatory issues—whether or not access to basic banking would be a concern. That is on the account closing. That's a FATCA test.
On May 29th, 2014. See this statement in context.