Mr. Fergal O'Leary:

We are investigating price signalling. The committee will recall that this issue arose a number of years ago. From our point of view as the enforcer of competition law, there were too many firms in the market signalling future pricing intentions. We wanted to ascertain whether that information was being acted upon across the industry. That meant that we needed to examine a wide number of companies, with well over 1 million documents having been collected as part of that. We are in the region of 40 or 50 witness hearings. All of this is being done to get a picture of what information is flowing around the sector and who is acting upon what piece of it. That is the goal of the investigation.