Ms Seána Cunningham:

I will reiterate Mr. Cross's point. This legislation has been designed not to narrow the scope of application but to widen it, and to address issues over what moving on therefore means.

What it allows in terms of enhancements is a reach into a broader population. It also allows us to deal with the idea of somebody leaving a position. Under the administrative sanctions procedure and fitness and probity, the consequences subsequent to an investigation and fair procedures are the possibility of disqualification or prohibition. These can go beyond the firm the person worked in. It can include all financial services firms. It is quite a breadth of consequence ultimately.