Thank you for punting that one to me.
Thank you for the opportunity to speak in this room.
With respect to the development of regulations, we do have to develop regulations in support of broadening the definition of “borrowing members”. As Ernie mentioned previously, that work is under way. I hope that work will be completed as well as the regulations in support of supporting the non-profit organizations that we talked about here. The legislative basis is created through these amendments. Regulatory work is required to support full access to the FMA.
I'll just note for the committee here that we have the ability to work with these organizations now. We can issue compliance opinions, but what we are talking about is financial performance certification and financial management system certification, so a lot more work.
I'm not sure if that responds to your question, though, Lori.