Mr. John McCarthy:

When I was talking about approved housing bodies becoming de-listed, I was referring to ones that had never been active. When we did a de-listing exercise five or six years ago, bodies were removed from the approved housing body list. They had gotten status but had never progressed to delivering a project. If we find there are some of those in the next iteration of that exercise, they would come off the list. If one wants to remain as an approved housing body and is signed up to the code and can deliver, that is fine. Otherwise, we will have to get into a space where, in effect, the assets would transfer to a merger process or a transfer process across to another approved housing body. Ultimately, the units would continue within the sector, although possibly in some circumstances through another body.