Mr. John Palmer:

Precisely. The notification element will result from the Central Bank, because of the monitoring of the overall criteria, discovering there is a breach or, alternatively under head 7, it will be determined that there is a local deficiency that warrants a remedy. At that point, the Central Bank will move on to giving a notification to all the designated entities equally. The purpose of this, hopefully, is to allow them to work together to help to solve the problem. They will have a month to come back and make proposals. If they do not make such proposals or if the Central Bank decides the proposals received are not good enough, then it moves on to a draft direction. It must, though, be directed at a specific designated entity. It cannot be a global, collective direction.