Ms Mary-Elizabeth McMunn:

We are charged, under the legislation, with discharging our role relating to the prospectus directive, which is about protecting investors at the end of the day. We are able to discharge our mandate. We are not looking for a change in legislation because we are able to discharge our mandate under the current legislation. The advisory opinion does exist but, as the Deputy rightly noted, is not in itself grounds for refusal of a prospectus.