Mr. Fergal O'Leary:

From a regulatory point of view, to support the policy intent in our regulation of mergers, we will make sure that tenants are unaffected and that public money is safeguarded. It will certainly not be an onerous process, however. In recent years, we have seen a small but growing number of cancellations. We deal with issues such as unencumbered assets. We make sure that nothing is transferred that should not be transferred and that if something is going to another body, it has the wherewithal to take it on. Certainly, there will be nothing in our processes to slow down the policy intent.