To be honest, not particularly. Again, both in reality and in perception, we want to be seen to be quite open throughout the consultation process and not have landed, as it were, on what we think may or may not be exempt.
Some people have observed to us that if the fee structure is designed in a certain way, the issue of who's exempt or not really becomes moot, because as you know, unless you're exceeding that cap, there's no requirement to report. It really leaves the marketplace alone. So there is a bit of an interplay between where you land on fees and whether or not at the end of the day anybody might have a legitimate position in terms of their being exempt.