Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I thank Mr. Honohan for his contribution. I am playing serious catch-up in terms of trying to get my around this. I am perusing the introduction and I apologise for being late. I hope that he understands our difficulty because he said it was quite technical. In his opening statement, as provided, he stated:

Here’s a question you should put to them [I presume Mr. Honohan means the Central Bank]: what reason do they consider “valid” for the purposes of subparagraph (j) of paragraph 1 of the Annex of Terms referred to in Article 3(3) of the 1993 Directive, as scoped at subparagraph 2(b) of the same Annex ?

From that extract, anyone can see my difficulty in trying to get my head around the terminology.