From the perspective of business, there are really two aspects to this regulation I want you to understand, whether it's in the U.S. or the EU or here in Canada. There's the infrastructure piece. We need to put in place an infrastructure with a commissioner and understand who will do what. Then there are the actual rules themselves. As one of the witnesses said here this morning, as things progress quickly, nobody really knows what the rules should be. Nobody has agreed, whether in the U.S. or even the EU for that matter, what the rules should be, but we should definitely be in a hurry to get an infrastructure in place.
On specifically whether or not I agree with the definitions, I'll defer on that and say that I'm not an expert in drafting legislation. What I am an expert in is that Canadian businesses need to be able to read it and understand it, and that, as legislators, if we don't understand what it means.... We shouldn't abandon our tradition of understanding the laws that we're writing.