Mr. Colm Kincaid:

I think if one is referring to Solvency II, there is a number of features of Solvency II which we would already have in the State. There is a panorama of provisions, Solvency II is a very long directive. The current regime at EU level is a minimum regime. We have a lot of enhancements to that regime at a prudential level that will apply in this State for a company authorised in this State.