Sure. I'll just give you a very quick background. Our request or ask is the elimination of the capital tax on financial institutions. The reason for this is that the capital tax adds a cost of doing business to the industry and other financial institutions. I guess the added effect is that there's a new capital requirement or regime in Canada that's come into effect this year. The short form for that is LICAT. I apologize for the acronym for that as well.
We are unique amongst the G20 in that respect, in that there's a capital tax on top of this LICAT regime. We think that it's punitive and has a significant negative impact on the industry in terms of cost, and that it is not necessary from the capital regime. Life and health insurers already maintain a robust capital buffer.