Thanks for that. I would argue, though, that it cannot be one size fits all; there will be a different burden depending on the size and on the reporting entity. That is why it will be so critical to really work with the industry. To put in a goal before we've sat down with the industry, spoken to them, and truly understood what they mean when they say “administrative burden” could actually take us through the wrong door.
I totally agree with you. That is why I believe strongly that we have to work with the industry. We need to hear from them exactly what it is and how we can do it, and it will have to be tailored to the capacity of the industry.
Thank you.