If we use the mutual life insurance demutualization process as an example, a lot of the relevant details, and if you will, even the concerns that were raised by policyholders in the P and C process, were articulated in regulations. I think, as you said, sir, this process can be very complex, and the regulations try to factor in all the relevant and important issues together in one framework, in one proposal, and in fact, if you will, in one consultation process, because when the regulations move ahead through the regulatory process in part I of the Gazette, they will be published, and there will be a common period, and all the relevant factors will be seen together, and appropriate comments will be obtained from relevant stakeholders for further consideration.
On May 29th, 2014. See this statement in context.