No. Admittedly, a regulatory framework is in constant movement. There's no doubt that if the framework does not include specific reduction targets, with good penalties.... I think the U.K. program is 40 euros for the first phase and 100 euros for the second phase, per tonne. These are serious numbers if you don't meet your targets. What it has done is to focus large emitters in trying to find novel solutions, or to understand the market and be proactive.
The involvement of the federal government, yes, is to establish those quotas, establish the regime, and make sure there's a verification and an audit process that is of the highest quality. The private sector has all the tools to do that. We have high expertise in this country when it comes to audit functions and making sure that things are done according to the spirit of the regulatory request.
In the Montreal Exchange and the Toronto Stock Exchange and other marketplaces in Canada, we have proven that we can self-regulate our businesses very well.