Mr. Niall Byrne:

As I think Mr. Dunne mentioned in his opening statement, the system went live in November of last year. So far, we are very satisfied with the performance of the system. Its stability and technical performance is very satisfactory. It is the platform on which we will extend our registration system to encompass annual registration.

It is a critical component of how we will administer the extension to our current functions and it will support us in the data analysis because annual registration will give us access to significantly increased amounts of information over what we have now. That will inform our future published rent indexes, for example, in terms of the quality of the information that underpins the index. We are quite satisfied at the moment. We have done a number of releases and they have gone well. The next issue for the RTB will be further phases of that developmental programme for that technical platform in order that we can potentially extend it out into other areas of our business including how we manage disputes and our tribunal functions.