Madam Deputy Speaker, I was just fascinated by the new lexicon of Setswana words, such as "unscrupulous" and so on. I think that the point about closing this debate here is actually to say thank you to the committee that functions very well, because on this and on a number of other pieces of legislation the conduct of the committee is exemplary. It meets and its members persuade each other on the best possible advice, and I think that is a consistent theme with the Portfolio Committee on Finance.
I would just like to reinforce some of the points, such as the one hon Moloto referred to regarding some financial service providers who are unhappy with this Bill. I want to say to them that the licence to operate a financial service is not a prison sentence. They may hand back the licence if they are unhappy, but for as long as we have a responsibility towards consumers, users and depositors, rest assured that financial service providers will be properly regulated. That is what the Bill tries to do and I think that's the message.
The second issue is the national payment system. Clearly there are elements of risk. I know that this is a matter that the Competition Commission is looking at, at the moment, under the chairmanship of Justice Jali and there will be a report tomorrow about the national payment system. So let's wait for that and then comment on those issues.
The hon Dr George raised a valid point about the regulator needing to know. Of course, it's very difficult in an environment where you have as many licence providers as the nonbanking financial services have in this country. So it is the responsibility of the industry associations to play part of the role not just as a lobbying but also as a reporting kind of an institution. Shortly a new body will be formed - an overarching body called the Savings and Investment Association - and we must, from its establishment, encourage that organisation to play that role so that we can have symmetry of responsibility in protecting the value of licences.
All the parties and all the members who spoke here support the Bill. We express appreciation for this and ask that you take the Bill forward to the next stage. Thank you very much, Deputy Speaker.
Debate concluded.
Bill read a second time.