Yes. Instead of our coming to a company on a periodic basis, be it one year, two years, or six months, and kicking the tires, say, to see whether or not things are working properly, it institutes a system whereby the company has an obligation on a day-to-day basis to ask whether they are meeting these regulatory requirements and what system they have in place to ensure that they are meeting them.
On November 25th, 2013. See this statement in context.