Basically, what you have with this legislation is many of the same components that you would find in Australia, the U.K., and the California act. As I mentioned, there is a progression over time. California was simple; the U.K. and Australia were a little bit more. What you have added that's different is the procurement emphasis of the public sector, which is extremely relevant and important.
There is more of a benchmarking of the fact that if a company does not comply, there will be fines and penalties associated with this. As I indicated, the other acts imply that some type of punishment will occur if compliance doesn't take place, but it's really not spelled out and we really haven't seen that applied in the other transparency legislation component. As a result of that, there are a lot of companies that simply don't submit anything at all.
What makes this different is that you have criteria that are a little bit different in terms of the revenue, the assets, and the number of employees related to companies, and so on. This emphasis on ensuring that companies submit and go into a public registry is what puts this further along in the transformation of transparency legislation.
What will happen over time, as I said, is that other countries will catch up to where you guys are, so you're setting the bar up higher than what we've seen in other legislative presentations.