I propose to take Questions Nos. 287, 290 and 291 together.
The announcement of the transaction review took place on 23rd April 2015. Prior to this date, and after I and my officials decided that the Special Liquidators were in the best position to undertake the review, discussions took place between my officials and the Special Liquidators around the scope of the review.
During these discussions, the capital loss threshold of the review was discussed with the Special Liquidators, who were asked to assist in an initial scoping exercise to evaluate an appropriate threshold with reference to capital loss that would fulfil the purposes of the transaction review.
There was no direction issued to the Special Liquidators to assist in this initial scoping.
Subsequent to the announcement of the transaction review the Special Liquidators would have continued their scoping and conflict management work in conjunction with Judge Iarlaith O Neill.
As the Deputy is aware, the transaction review is no longer taking place and has been replaced by a Commission of Investigation. The scope, sizing and determination of any resources required to conduct the Investigation will be determined by the appointed judge appointed in the context of the terms of reference for the Investigation as approved pursuant to the provisions set out in the Commissions of Investigation Act 2004.