ANDREW BAYLY (National—Port Waikato): Thank you. So just in light of what we were talking about before, clause 78 sets out certain powers to maintain and protect financial market infrastructures (FMIs) and specifically the ability for regulators to issue directions to operators, and the removal of directors. It gives two scenarios when that can occur. One is when the FMI is distressed and the other one is when it's appropriate given the jurisdiction of the FMI. So I suppose, just in light of that appeal process, what are the specific times that a direction can be issued, which, as you will know, is very confrontational when standard FMIs' contingency plans are inadequate to deal with the situation?