Mr. Fergal O'Leary:

I will speak in general terms. In price signalling, a company is telling its competitors what it plans on doing and they then react. That is different to a cartel, which is a secret agreement and would lead to a criminal investigation by us. Currently, this is a civil investigation. It is about putting information in the public domain that a company's competitors then act upon in terms of their pricing strategies or engagement with their customers.