Seán Kyne (Galway West, Fine Gael) | Oireachtas source

I welcome the witnesses. My first question is for Mr. Lenihan. It makes perfect sense that there be proper definition and prohibition of those who are not suitably qualified. Mr. Lenihan referenced the 2003 Act. Were the issues raised in that regard pursued at that stage? If not, why not and what particular issues arose?

My second question is to Mr. Gordon. Internationally, how are similar companies classified? Similarly, were the issues of reclassification and new definitions to encompass the CICS being pursued prior to the commencement of this process?