Color Space Correctness?

Hey,

I see there is the EColorSpace which allows control of the transfer function for the content (sRGB gamma or linear). But is there no notion of how to show the color values coming from different gamuts (Rec2020 etc) correctly on the devices? Is the assumption just that the displays are always sRGB/Rec709 gamut, and we should remap/clip content to that?

Thanks