I am pleased to report the following progress on implementation of the recommendations in the MIAB action plan. Of the 67 MIAB recommendations, 23 have been implemented, three have been partially implemented and 28 are being actively progressed. One cannot be further implemented at present and 12 are under consideration. I wish to set out recommendations of the MIAB which have already being implemented. The Motor Insurance Regulations 2002 deal with a minimum period of notice for renewing motor insurance policies and the format of the no claims bonus certificate, which must be furnished to policy-holders at renewal time. The IFSRA legislation includes the regulatory mechanism to balance the legitimate concerns of consumers with requirements for effective solvency supervision. The Competition Authority has incorporated the principle of acting against the public interest in the Competition Bill 2001. It has also taken on the responsibility, from 1 January 2003, to review all further insurance mergers in the interests of the economy with appropriate reference to the IFSRA and that the process of consultation seeks to protect the interests of specific policyholder groups. To date no mergers requiring review have taken place. The Irish Insurance Federation is at an advanced stage in the implementation of the recommendations relating to it through its codes of practice, which will be published shortly. These recommendations relate to such matters as giving reasons in writing for refusing a quotation, recognising the driving experience of retired drivers who have a record on their employer's fleets, rating policies based on accident free driving rather than risks based solely on age, desisting from the practice of requiring collateral insurance business to be placed with the company before supplying a motor quotation, clearly stating the identity of the insurance group to which the insurer belongs, reducing the number of refusals required under the declined cases committee from five to three, including on the declined cases committee an external representative who will report to the IFSRA and compliance with the provisions of the Equal Status Act 2000.