Now their essentially saying anything you circulate, even to one person that has performance claims. Then you have to keep the underlying data that backs up your performance claim. I think again people say to themselves, "I do that." The next one there, again a piece of the recordkeeping rule, rule 204-2 and here amending paragraph 7, an existing paragraph within the rule to keep communication either received or sent that relate to the performance return of managed accounts or securities recommendation. I think here this does do something that people may not do today, but my understanding is most people are keeping these records as a matter of course. They're automatically keeping these types of communications.

When does this go into effect? The same time as the ADD rule. The ADV changes go into effect October 1 of next year, so do the new recordkeeping rules.