Mr. Chair, if you don't mind, we will answer this question together, as we are jointly responsible for implementing this commitment.
The current amendments are step one of what will be required to enact a publicly accessible and searchable beneficial ownership registry. There are certain consultations that need to be undertaken with industry on the details of the implementation, and also some work that needs to be done—as the federal government must always do when collecting personal information—on the privacy requirements associated with holding that data. Therefore, there will need to be a second set of amendments to fully implement the commitment.