 My name is Esker Thompson and the regulatory authority in Denmark is placed in the competition authority, which is separate from the nature agency that is actually making the law or the Water Sector Act that we are implementing, so to speak. And we are about 15 employees for the entire water sector and we only regulate on the economical aspects. Most of the big water companies are publicly owned. They are owned by the municipalities where they are situated. And there are also quite a high number of privately owned companies that are actually cooperatives, but they only cover a minor part of the total water consumption. What we see in the Danish water sector is that the utilities that are owned by the municipalities, the council and the municipality place members in the board of the utilities. So what we are trying to work for in the long run is to have more separate governance of the utilities and the municipalities in order to make more rational decisions about the economy and environmental issues and so on. It's sometimes not a good idea to say one size fits all, especially within regulation of this very important resource, water, that we are all different, but we still share the same challenges and maybe I cannot introduce these other concepts right away, but in the future we can be inspired from each other and somehow we will converge in the regulatory authority.