Thank you for the question.
I would say yes. That is something we look at.
The honourable member noted that there are a bunch of different models. Certainly, we're mindful of the strengths and weaknesses of the different models. For example, the strategic innovation fund, which is the biggest fund administered by ISED, can take warrants but generally can't hold equity. It doesn't issue loans in the classic sense, the way a bank would. If we wanted to make significant changes to a fund like that, we would actually have to change its underlying structure so that it could hold equity. It would function very differently. The oversight would be different under the Financial Administration Act.
These are all issues that we are certainly mindful of. We work very closely with other entities like the Canada Infrastructure Bank and so on, which actually have different kinds of authorities. We work very closely with provincial organizations, like Investissement Québec, which again have different authorities.
We're alive to this. Those are policy choices as to how governments decide to set up some of these instruments. We do our best within the design to—