One of the elements that was discussed in committee was the need to provide an incentive for general security arrangement (GSA) holders to be prepared to accede to a BDH application. There was agreement, although not without some concern, that if those GSA holders were asked to enter into an arrangement which would prevent them taking any enforcement action with respect to the large securities they hold, none of them would ever be prepared to allow a BDH application to go through, presuming they had enough of the vote weight to prevent that. 