Mr. John McCarthy:

The key aspect from our perspective was to ensure as early as possible that a regime was in place that would give us a good and fairly comprehensive overview of the sector. We had a choice to make at some point. I have been around long enough to know that if we put all our eggs into the legislation basket in the first instance, we could wait a very long time to get anything so we made a conscious decision that we would put a voluntary regulation system in place that had implications. Number one, a body had to subscribe to that regulation system in order to get funding and, number two, body that subscribed to it but was not complying would not get funding either. That was where we took our first significant initial step.