Just to clarify the effect of this amendment, right now the appropriation in the legislation is set at $107.5 million, which essentially represents the cumulative amount that has been paid to the office since its creation in 2009. The amendment itself would increase the statutory appropriations by $12 million. I think that's a point that should be made to clarify the actual scope of this amendment.
With regard to the question from Mr. Fraser, the transition office, since its creation, has done a lot of work in multiple phases of the project. In the recent past, in the last couple of years, their focus has really been on developing what would be the management of systemic risk.
The corporate project had two components: One was the securities regulation that is done currently by the provinces, and the other element was the regulation of systemic risk in capital markets, which would be done pursuant to a federal authority and for which draft legislation was published a few years ago that would provide a framework for the prevention of systemic risk.
The focus of the transition office recently has really been on this management of systemic risk. If the funding were not to be provided, it would essentially cease the work that would be done pursuant to that federal legislation. Essentially, the office would have to close in the short term if the funding were not extended.