Ms Derville Rowland:

This enforcement outcome was concluded pursuant to the administrative sanctions procedure. There are two possibilities in making the outcome of these enforcement actions public. The first possibility is by way of resolving the matter to conclusion against the firm in a settlement agreement. As part of that, the information put into the public domain is by way of agreement with the firm. That is the permission under which the detailed public statement is put into the public domain. We do not, in the normal course, ever conclude a settlement agreement unless there is very detailed information put into the public domain.

The second option is by way of the findings of an inquiry hearing into the matters, if they are fully disputed. It is only after the conclusion of that hearing that inquiry details can be publicised pursuant to statutory commission.