The first point is the coming into force of that legislation is January 2025. We've been on the record that it won't be retroactive, and for after January 2025, we're working on documented procedures to explain how there will be a progressive system of notices, a nudge. Then when we have an issue, it's not our intent to bankrupt a brokerage because of one client who failed to follow the rules.
The first point, for absolute clarity, is there's no retroactive application of the importer of record, and second, there's a process of nudging. We call it a culpability framework. We really want to enforce financial hardship only when necessary.