That's basically what the real life effect of the regulation was though.

The "online course" that people had to take was kind of a joke, and most people in the industry think it is an outdated formality.

Crossing all your Ts and dotting you Is in this industry is of course important. Even if something is a stupid formality, you should still do it.

But let's not kid ourselves over how much "useful" information was probably in that course.