Ms Eimer O'Rourke:

Yes. It may be very clear to other people involved but it was not entirely clear to us whether the conduct-of-business regulation which applies to other financial services providers will also apply to credit unions. Previously, the statutory codes introduced by the Central Bank were not applicable to credit unions as a result of a mismatch between the legislation relating to the latter and that relating to the former. The question which arises for us is whether that mismatch has been addressed. This is important to us because credit union members are also bank customers, clients of insurance brokers, etc., and certain norms and rules apply in the context of the type of information that customers must be given. We are of the view that there should be some comparability in this regard.