Sure. I'll provide a little more detail.
It would be businesses and professions regulated under the anti-money-laundering legislation, so there's a list. It would include financial institutions such as banks and credit unions. It would include the casino sector, certain actors in the real estate sector, and dealers in precious metals. There are entities that are regulated under that act and specified under that act.
For the model, we looked to other international jurisdictions. We also looked at other regulators within Canada, specifically the Office of the Superintendent of Financial Institutions. FINTRAC recently assumed sole responsibility for the supervision of federally regulated financial institutions for anti-money-laundering purposes from OSFI, and OSFI covered these costs through its own cost recovery mechanism, which is similar to what is being proposed here. For OSFI, there's an enabling clause in legislation, and the details of that cost recovery model are laid out in regulations. I think the Financial Consumer Agency of Canada is another regulator in the federal financial sector space that has a similar approach.
In terms of consultations, following the passage of this legislation, the Department of Finance, with colleagues at FINTRAC, intends to consult with regulated entities on the overarching proposed scope of the regulations, so they'll be given an opportunity to see what the methodology would look like. We would have the opportunity to receive their feedback, and following that, like all regulations, it would go through the Canada Gazette process, so there would be a further publication of the draft regulations and an opportunity for stakeholders to comment once more.