Indeed, I'd be happy to comment.
The government announced previously that it would support federal credit unions and provided a legislative framework therefor. In this bill it provides two further actions to support the credit unions becoming federal. One is the amalgamation of power, or the opportunity to streamline amalgamations, which is essentially a series of votes that must be taken between two credit unions when they amalgamate. This bill will streamline that.
It also provides for continuation of something that provincial credit unions currently do, which is provide insurance through their members. In the federal regime, provision of insurance by federally regulated financial institutions is not allowed. We are facilitating a transition from the provincial regime where insurance networking is permitted to the federal regime where it is not.