I suppose the other issue deals with the designation. So, as I understand it, there are basically two courses, and it relates to whether you, as a financial market infrastructure (FMI), are systemically important, and then you obviously have tier 1 and tier 2. So, as I understand it, you can either elect an FMI—I can elect to become a systemically important one, and therefore tier 1—or the Minister and the regulators can impose that on the FMI. So I'd be interested to know what that process is and how he sees that working, and who will be the lead, particularly in the second aspect. Will it be the Reserve Bank in the lead of that or will it be the Financial Markets Authority?