Thank you, Mr. Chair.
With this amendment, the wording would read as follows:
17. (1) The Governor in Council shall, by order, dissolve the Transition Office no later than July 12, 2013.
This is what was intended. The Supreme Court was consulted and it supported the provinces. Quebec, like three or four other Canadian provinces, disagreed. It has been established that securities are in provincial, not federal, jurisdiction. If we have the slightest respect for the Supreme Court, we must take its decision seriously and abolish the committee that is trying to centralize securities in a single place.
I remind the committee that, among industrialized countries, the current system is considered to be ranked second. In Quebec, at least, business, the four political parties in the National Assembly, academia and everyone consulted are unanimous. They all want to keep the current system because centralizing securities in a single location would harm the economic life of Quebec.
Thank you for your attention.