In particular, in an order-making model, we find that in other jurisdictions these issues of timeliness do not create a big problem within the system. If there is a complaint, the commissioner can simply issue an order for the disclosure quite quickly. That's what we see happening in Ontario and B.C. If the institutions are in default and there is a complaint, they know that an order can be made very quickly on these kinds of matters. These matters are dealt with very quickly in order-making models. The fact that the commissioner has the ability to order the disclosure really puts a lot of discipline in that part of the equation as well. I think that proper discipline in the legislated timelines and an order-making model would deal with the delay problems in the system.
On May 19th, 2016. See this statement in context.