I am informed by the Revenue Commissioners that their offshore assets group are currently making inquires into the activities of subsidiary operations of three Irish financial institutions and, in general, co-operation is being received from these institutions. In pursuit of these inquiries, Revenue has in two instances, obtained High Court orders under powers introduced by the Finance Act 1999. This has resulted in a significant amount of information being provided to date. In addition, it is expected that significant further information will shortly be made available to Revenue. In the third instance, the institution is co-operating and the matter of seeking High Court orders has not yet arisen. The commissioners expect that they will be instituting inquiries into subsidiaries of other financial institutions in the coming months.