Ms Clare McNamara:

I read out the list of mandatory criteria a qualified entity has to meet. No further vetting criteria will be applied or required. If an entity applies to be a qualified entity, such an entity will be aware of all the risks it is taking on. It will be aware that it will have to engage its own legal and professional advice, it will be aware that it has to take a case in accordance with the way it is set out in legislation, and it will be aware of the risks it is taking on. A body that applies to be a qualified entity would be taking on a massive risk, if it does not ensure it is capable of doing it and resourcing themselves.