Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I note the Deputy's point. The term of the licence changing will bring high-cost credit provider licences more in line with existing Central Bank licensing arrangements for other types of regulated financial service providers. The Deputy might say that this is a particular case because of the clientele involved, but the reason we have done it is to be consistent with other licensing agreements that the Central Bank would normally issue. They are usually for five years. That is the norm that is coming in under this Central Bank regulation now. We are taking the norm. That said, I accept the separate point that the Deputy makes.