Mr. Gerry Cross:

That is absolutely correct. That is not our task. These documents could be hundreds of pages long. If you take any large corporate - Apple might be an example - the responsibility of the prospectus approver is not to say whether the information is all accurate. You would need teams of due diligence lawyers. That is very specifically not what the prospectus regulation is about. The prospectus regulation is about asking whether a prospectus is sufficiently clear, complete and consistent and whether it covers the risks. Ultimately, the liability rests with the issuer. That is really important. We can say "No, we do not think there is enough there" but liability ultimately rests with the issuer. It is very clear that the prospectus regulation does not ask anyone to assess whether the information is correct. As regards the publication, that is a private thing. It is for the issuers to make sure that what they are saying is correct.