We are anxiously awaiting the decision of the Supreme Court of Canada on the reference we made to it of the draft bill for a national securities regulator. The argument was heard by the court in April, and we're looking forward to the court's decision. We will, of course, honour and follow the decision of the Supreme Court of Canada, as I expect will the other governments in Canada.
In the meantime, we have been taking some preparations to have the draft bill, which we are able to refer to the court so the court itself can see the proposed legislation in detail. Some work has also been done on other regulatory aspects. Of course, we have a group of participating provinces and territories that have been working with the transition office to help prepare the way for a national securities regulator.
This is the one part of our financial system where we have a significant gap. We have the Bank of Canada, the Department of Finance, the Office of the Superintendent of Financial Institutions, CDIC, and the Financial Consumer Agency of Canada, but we do not have a national securities regulator at the table. This is a gap that I hope we will be able to fill.