Certain of our subsidiaries and branches are regulated in the U.K. and the U.A.E. In the U.K., our regulator is the U.K. Financial Conduct Authority (FCA), which regulates activities related to Morningstar Indexes, Morningstar Wealth, and DBRS Morningstar. In the U.A.E., the Dubai Financial Services Authority (DFSA) regulates activities related to Morningstar Wealth.