Mr. Kevin Prendergast:

It varies a lot based on history and on the law in each country. Historically, we had a profession here that invented itself and regulation came on top. In other countries you started with regulation. Some countries only have one professional body and that has been given regulatory powers. It really varies. With others, you go back into old European structures where you had one entity that ran a profession, like a guild. That suddenly became a regulator. In some cases, it never became a regulator. They are still in the private sector. It is a Pandora's box of different structures, but the Deputy is right that Ireland and the UK have broadly similar ones.