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Dean Seligman, is that bid for an exclusive SIP, right, as opposed to competing SIPs?

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Dean Seligman, is that bid for an exclusive SIP, right, as opposed to competing SIPs?

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Mr. Seligman: Yes. I think at the moment within the existing system, we’re focusing on that. And competing SIPs, well, we’ll get to potentially. Number three, there are a number of comments made about governance, and they were somewhat different in kind. A number of people, in all sorts of contexts, have said “there should be no veto.” That’s one kind of issue. There’s a separate kind of issue as to who should be the governors. Should it be the existing pattern of entities? Should it be broadened? And I think I am not going out on a limb in predicting there will be disparate opinions with respect to that issue. Forgive me while I leap through my notes. There is obviously lurking in the background if we preserve the existing system, the question of fees, the question of SEC role in regulating it. I think The New York Stock Exchange has been quite candid that they are troubled by the notion of a new system impliedly, if not explicitly stated, in the concept release which would have a mor

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