Mr. Brendan McDonagh:

Some of them are quoted entities, and have got their own their own rules about that. But most of the money that these private equity buyers have is secured ... is institutional money. And is typically from US endowment funds and college funds and things of the day. And you know, like the teachers' fund and CalPERS and things like this. And ... and ... they give the money to these private equity funds to invest it for them and to earn a return. And those people when they are giving their money to these funds insist on a certain level of governance and things like that. Whether the issue of about ... whether it is regulated in each end of the market they are operating in, you know, I am not an expert in that either. But ... but they do have to observe the laws in each particular jurisdiction.