That is a very important question that touches upon the responsibilities that now fall to the provincial securities commissions. Certain securities are exempt. The transparency rules that apply to these securities are not as strict. The criteria that must be fulfilled in order to purchase an exempted security are very low. We have just talked about transparency with Mr. McCallum. In our view, it is important to have in place principles of transparency, but, there again, this is a matter for the securities commissions.
On April 30th, 2008. See this statement in context.