Mr. Patrick Kenny:

I will take that question. When we look through the prism of competition law, we would have agreements that are formally made in smoky rooms where people actually sit and make agreements. That is one type of offence, a very serious one. Another type of offence is just reducing the amount of uncertainty in a market by making announcements that people take on board and in accordance with which they adjust their behaviour. It is when somebody says they intend to raise their prices next year by X% and they throw that into the open. It is in a public forum, so their competitors can hear it. It is information competitors would not normally have, because normally the last thing one would want to tell one's competitors is what one intends to do with one's prices. One is, therefore, putting information that would otherwise be private into the public domain. If people act upon that, it can have an anti-competitive effect.