Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael)
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I fully understand that. The question I am trying to get to might be better directed at the regulator, whom we may again invite to appear before the committee. She confirmed to us on the previous occasion that there have been no such withholdings, if that is the phrase, ever within the terms of the licence. While the upper limit, therefore, is €20 million and PLI works in the way it does, which I understand, there have been breaches but nothing has happened. I am not being facetious, but there is probably no reason to bank in the risk profile of a €20 million fine when the regulator has not appeared to want to use her power, even for a breach we regarded as much more serious than she may have regarded it because we thought it was a case where the withholding of funds would be appropriate. These are observations rather than fair questions to Mr. Algeo, but they go back to our earlier dialogue with the regulator.