Mr. Gerry Cross:

What we do is look at the draft prospectus we get. We ask whether this prospectus discloses the things that investors would need to know to understand their financial risks. As a regulation, it could go further than that. It could put more obligations on us. It could tell us not to do things but this is what the European regulation, to which we are all signed up, asks us to do. I do not think the Deputy would like us to make it up for ourselves. We need to do what the regulation asks to do.