Notably, Quebec and Alberta have been vocal opponents of the initiative.
One of the main points to understand is that there are really two components to this initiative. One of them is the regulation of securities, as I mentioned earlier, which is done by the provinces right now. It would be pursued if the project were to go ahead, pursuant to provincial legislation, and it would be done through the advancement of a provincial initiative. The other component deals with systemic risk in capital markets. That one is the federal element. I think they're related but distinct elements of the project.