Mr. Darragh O'Loughlin:

-----with much input and support from the Turf Club over the years. When the IHRB took on the role of racing regulatory body, it inherited the administration of these charities almost as custom and practice, as the Leas-Chathaoirleach pointed out, rather than as part of the regulatory remit. The measures that we have put in place meet the recommendations of this Mazars report in the immediate term. Ultimately, as the Leas-Chathaoirleach said, we need to take a higher level view and ask ourselves if it is appropriate for us, as a regulatory body, to be administering charities, albeit in a related area.