New section 461OA excludes small listed issuers and issuers on growth markets, and that's kind of a pragmatic response. The select committee recommended excluding small listed issuers with market capitalisation below $60 million and entities listed on growth markets, like Catalist, from the mandatory disclosure regime. Small issuers—to give some context to the committee—are less than 1 percent of total NZX market capitalisation. So that gives you a sense of the scale of those issuers. The exemption of small issuers and growth markets still means that the majority of the financial sector are captured by the bill.