I think I'll answer it in a slightly different way. I believe that in the guideline OSFI released earlier this week, a transition plan is a requirement of a financial institution. I can't speak to whether that's similar to or dissimilar from what the expectation would be in Europe, but that is already occurring. Factually, that will be a requirement of federally regulated financial institutions.
On March 9th, 2023. See this statement in context.