Ms Derville Rowland:

A variety of outcomes flow from what the Deputy outlined. The growth of the Internet has made websites that, in effect, scam customers more prevalent. There has been an increase in reports to us of websites that can clone or nearly clone the identity of regulated firms, and we have a duty to take action against what we call unauthorised providers. We call it our work on policing the perimeter.

These are firms that are pretending to be authorised when they are not. Sometimes the firms are not in Ireland so we cannot take action against them. They are not in this jurisdiction and may be half way across the world. The actions, therefore, we can take-----