In addition, the Bill provides for the appointment of a person to the statutory post of Consumer Director, who will be responsible for monitoring the provision of financial services to consumers of those services, having regard to the public interest and to the interest of consumers. This is provided for in the new section 33S(1)(b). The Consumer Director will be required under the Bill to produce an annual report and one of the matters that must be included in this is the steps that have been taken by the regulatory authority to increase the awareness of consumers of relevant financial services of the cost to consumers and the risks and benefits involved in using those service under the new section 33T(3)(b). The regulatory authority is also required to produce an annual report which must be submitted to the Minister for Finance, who must, in turn, have the report laid before the Houses under the new section 33O.