Will it reduce workloads? We believe so. Currently we have to do a lot of this verification manually, and again, rely on the accuracy of the client's data keeping, if you like. Again, it can be quite a cumbersome process for our officers to verify and establish that the residency requirements, indeed, have been met.
To come to your point on cost savings, as always, once we enter into the regulatory phase, we do a cost-benefit analysis. I've seen some initial analysis, but I couldn't say, hand on heart, that this will be a cost-saving measure. I do know that it will definitely reduce the workload of our officers. We will go from a manual case-by-case, established sometimes on incomplete information, to a systematic verification of information.
I'll ask my colleague to elaborate.