Sure.
There is no requirement to renew the code. That was a decision on my part, because after five years of dealing with it and identifying some issues, some concerns I had with the code, I thought it was time to do it. I had also heard from the lobbyists that at the end of the day our guidance document was clearer to frame their behaviour than the actual rules themselves, so I thought, okay, we have a problem here.
The first consultation was in fact for them to tell me what they wanted me to know about how they thought the code was working. I did not have suggestions. In that round, I think I only had four responses. Then we issued a draft code, and I received 40-some comments and suggestions. There was also a template letter; I received about 180 of the same template letter.
Then I went through them all. Now we've readjusted and we are going out on the third consultation. As I was saying, I really want to get this as right as possible, so we should issue a third consultation next week.