I am sure my hon. Friend is in no way trying to divert attention away from the fact that jurisdiction is now, effectively, with the
European Court of Justice. I am not going to ask him to be precise, but does he not agree that for the purposes of interpreting financial services regulations within the framework of the supervisory authorities that have been created, all these matters are ultimately matters of European law as applied by our Parliament so long as it continues voluntarily to accept them?