I might start first with the international standards. If further study allows, I would refer the committee to the requirements of the Financial Action Task Force, which is the international peer standard-setting body that has put forward conditions in respect of beneficial ownership. I am looking at the requirements now.
I would view the need for Canada as being to move forward on establishing the registry, more so than the threshold percentage itself.
In terms of the moving forward with the provinces and territories, as my colleague from the RCMP has said, it would be incredibly helpful to have interlocking sets of registries so that we can search them all on a common basis, which is built from work that's been done to set them on the same definitions.