Ms Anne Marie McKiernan:

We can decide whether it would be a number of months or shorter. We will liaise and continue our engagement with all of the sector. Once our proposed approach has been published we would usually open the consultation process for two to three months. We have had extensive engagement with the sector, including representative bodies, individual credit unions and proposal originators, regarding issues that should be included in this proposal so I do not think there will be any surprises by the time it gets to the sector.