Mr. Oliver Gilvarry:

It is section 7. On the local area deficiency, even if the criteria is met, there might still be localised difficulties with accessing cash infrastructure. There could be situations, like the one the Deputy made about a person being on the cusp of a 10 km radius or where a person is within a short distance of an ATM but there could be geographical issues or other issues for that person to access that ATM or cash service point. What is proposed in head 7 is giving the Central Bank the powers to address this by issuing a direction to the designated entities. These are the entities that will be responsible for ensuring access to cash for citizens. If the Central Bank determines that a local deficiency exists and it warrants a remedy, it can be make the direction to the designated entities. When this legislation comes in place, guidance will be issued by the Central Bank and it will take into the account the following factors; namely the size of the population to be impacted by the deficiency; the alternative cash infrastructures that would be available; the hours of availability as there is no sense in an ATM only open for two or three hours; the travel and geographical factors; demographics; the impact of financial inclusion; and any other matters that the bank deems relevant. The last factor is as a catch-all factor. This is the intention with that head. The public makes a point that there is no access, the Central Bank examines, considers that there is a deficiency and then issues a direction. Those are the criteria that will be considered.