Mr. Ciaran Mullooly:

I understand that. Mr. Forde will forgive me if I ask the question and we can follow it up at a later point. I sit on committees and try to assess how the legislation will affect Irish companies, in particular. I have learned that the share of small and large mid-caps is particularly large in Germany, at 0.4% combined. That translates to a substantial contribution to turnover in the economy of 16% for small mid-caps and 24% for large mid-caps. I begin to think of an Irish equivalent and that is where I am concerned about how many companies will end up in each category at the end of the day and how many companies will leave one category and end up in another. It would mainly be for the good, I hope, in terms of regulation, but the long-term implications concern me.