That's a good question. I don't have an empirical number on the cost of the burden, whether it is for provincial securities commissions or OSFI, and how much will go into that. In the context of OSFI, they would look at it as risks to the institution that the institution should be mindful of and proactively monitoring and mitigating. Reporting is part of the transparency they put into their guideline that was passed earlier this week.
On March 9th, 2023. See this statement in context.