Mr. Patrick Davitt:

Well, the code of conduct didn't deal with it because it was the norm at the time. Like, valuers were paid by the person who required the valuation, and the bank, if we're talking about bank valuations here now, the bank would tell the valuer to go ... or tell the person who was getting the valuation, in some banks ... and some banks were different. But if you look at a situation that you're talking about, a bank would possibly give a valuation form to somebody who was borrowing money and say, "There's your valuation form. You take that to a valuer and get it completed and take it back to us." Some of them may have had valuation panels, some of them may not have had valuation panels. So that person would pay the valuer for doing that work.