It should be noted that I propose to maintain the administration provision as set out in the Insurance Act 1964 but prospectively intend confining the availability of funding from the ICF to firms under administration which conduct a large percentage of their overall business in Ireland, that being, as I said previously, 70% averaged over the three years before the appointment of an administrator. The purpose of the restriction is to prevent Irish policyholders being burdened with paying for the administration of an insurance business which conducts all or the bulk of its business outside the State in circumstances where it is not possible to levy the premiums of foreign policyholders because of Article 46 of the third non-life directive.