Mr. Niall Byrne:

I suppose we have to be a little bit careful about speculating too much. As to whether there is evidence to suggest that there is widespread non-compliance with the regulatory requirements, we do not have a basis on which to say that is the case. Nor do we have the exact basis on which to say there is no problem whatsoever. We obviously have to keep a close eye on this. We have to be clever and smart about how we regulate. We have to be good at gathering in all relevant data to inform ourselves about what might be happening in the rental sector, that is not known to us and that should be known to us. As I say, we act where information comes to our attention.