Mr. Ed Sibley:

In short, yes. We will act as we always do in trying to deliver our mandate to the best of our ability. That includes dealing with potential and actual authorisations and applications. We have a key role as a gatekeeper to make sure, both from a consumer protection and financial stability perspective, that those firms that are seeking to come here are suitably robust and have minor management here, but there will not be any favouritism in terms of potential new entrants that are Brexit related relative to those that are seeking to serve the domestic market. We will prioritise and allocate resources to make sure that we are dealing with these issues. We have resourcing challenges, as was reported again today, but we will make that the authorisation process is done in a timely fashion in line with our publicly stated standards.