Thank you, Mr. Chair.
Thank you, witnesses, for appearing here today.
I'd like to focus my questions on the Investment Funds Institute of Canada.
Ms. Pearl-Weinberg, we all know that Canada holds the dubious distinction of being the only country without a common or national securities regulator, and our government has been working very hard with the provinces to institute one. Given all the market turmoil that's occurring in the world, the economic uncertainty that is occurring in other countries--and I know this is something your organization has a strong interest in--could you comment on how a national securities regulator would better protect investors, enhance enforcement of regulation, and attract new international investment?