Thank you, Fred.
Thank you for the question. As Fred has pointed out, this is new. It is new for the regulator as well. We have not had this experience previously. For all the reasons that Mr. Gorrell has outlined around market issues, there was a concern that if we did not have complete and accurate information in advance of having conversations with industry and others, it could impact the market.
It is a significant anomaly for us. At some point, we felt that from an openness and transparency perspective we did need to speak about it, but we had to be cautious in how we did that in order to protect our market.