NICOLA WILLIS (National): It would be easy for those watching or listening or reading this debate to think that this is a very dry matter but, as other members have stated, financial market instruments are crucial to the very functioning of the economy. They support the non-cash payment and financial settlement system that underpins almost all of the ways that we conduct commerce in New Zealand today. There aren't that many cash payments happening, and the importance of this financial infrastructure cannot be overstated. So what this bill does is it creates an improved and properly regulated framework in which those transactions can occur.