Mr. Brian Corr:

Credit unions can invest in tier 3 approved housing bodies. It is within the gift of the Central Bank to review whether it is only tier 3 approved housing bodies that credit unions can invest it. In terms of lending to approved housing bodies or other providers of finance, it is much more a legislative issue tied to a common bond. Currently, a credit union can only lend to a member who is broadly within its common bond. There is a legislative issue was well as a regulatory issue in terms of expanding some of it.