I'm not a legislative drafter. All I can offer would be that right now we are building on the legislative building blocks that came through both in the Budget Implementation Act and then subsequently. The requirement for organizations to hold information about individuals with significant control was set out in precedential legislation. We would need to both shift the legislation to suggest that the minister would set out what an individual with significant control is in the regulations and then get those regulations through the system.
That's my elementary understanding of what would be required if you needed to move this out of the legislation. Right now, it is in legislation, and it's the requirement that corporations are already upholding right now, because they maintain registries of individuals with significant control set at 25%.