Mr. Kevin Prendergast:

Ms Kennedy has made the point very well. We are very supportive of transparency in the enforcement work we undertake. Details from all of our historical enforcement actions are available on our website. We also have our own rules and procedures as to how and when we undertake investigations. Again, they are all available on our website. We are transparent. Moving on to the entities or bodies we regulate, they do an awful lot of enforcement of their members at the small and medium level. We require the same sort of transparency there.