Mr. Oliver Gilvarry:

Following the advice we sought, we have reached the conclusion that reliance on the list or referring solely to it in the Bill as presented does not work and that the Bill would have to be amended. We would need to create an Irish State list. Under the three principles I mentioned earlier, there need to be criteria so that everyone knows the rules of the game, a framework is operationalised and firms can be put on it and removed from it, and there are regular reviews.