Richard Bruton (Dublin North Central, Fine Gael)
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This statement will contain the full particulars of all transactions with connected persons. There is a provision that the statutory auditors of the company have a duty to examine the statement and to make a report to the members on that statement. A final safeguard in section 313 is that these are the provisions in respect of company law but, of course, most of the oversight of credit institutions is conducted by the Central Bank. These provisions do not in any way dilute the obligations of such credit institutions under Central Bank law, which is the primary overseer of credit institutions.

I hope that is an adequate explanation for the committee of what is being done.