Thank you.
Yes, I would be happy to do that. Of course, my comments are very narrowly restricted to the ability of financial institutions to report.
The Public Guardian and Trustee of British Columbia was working closely with the Canadian Bankers Association back when these proposed amendments were first suggested. We were very much in support then of allowing an amendment that would enable financial institutions to report proactively, not just when there was an actual contravention of the law.
It is in that proactive measure that we think vulnerable persons are better protected. Then the responsibility for investigating falls to the provincial bodies, the public guardians and trustees, to do what they already are able to do under the law.
The missing piece was the proactive reporting. Bill S-4, in the provision in proposed paragraph 7(3)(d.3), I believe will accomplish that. I believe that is a positive measure.