Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It does, because the intermediary is a regulated entity. Therefore, it would come under the legislation. The customer's direct relationship is with the intermediary, even though the intermediary does not own the overall loan. It is only a matter of a short time, I hope, before the Oireachtas will deal with the issue of bringing the owners of loans directly within the ambit of regulation. They are not currently and, therefore, we cannot do it in this Bill. That would require a separate Bill.