  Secondly, the Promoters/Promoter Groups have to re-organize their business structure in respect of the financial services that they undertake through the Group entities. They have to move all the regulated financial services entities, in which they have significant influence or control, into the fold of NOFHC.
* * *  I would like to thank Sir Jon Cunliffe and the Committee on Payments and Market Infrastructures (CPMI) for inviting me to close out the first day of this conference on pushing the frontiers of payments.