The Directive referred to by the Deputy has not been finalised. A proposal for a Council Directive on the protection of individuals with regard to the processing of personal data and on the free movement of such data (SYN 287) is being examined by an EC Council Working Group, at whose meetings officials of my Department attend on behalf of this country. I am aware of the concerns expressed by European financial sector organisations on the Draft Directive and I can assure the Deputy that their views are being taken fully into account during ongoing discussions at Council Working Group level.