Rick Perkins at the Industry, Science and Technology Committee

On November 24th, 2022. See this statement in context.

November 24th, 2022 / 4:35 p.m.

Conservative

Rick Perkins Conservative South Shore—St. Margarets, NS

Thank you very much for that answer.

Mr. Rasul and perhaps Mr. Amiouny, could you answer a second question in short order?

I think both of you mentioned that you keep 100% of the client money segregated. You don't borrow, and you don't invest. You don't do anything with it. We heard testimony earlier this week that the current Canadian regulations or OSC regulations require only 80% to be held. Obviously you think there's a much higher threshold required for that in order to protect investors.

Mr. Rasul, then Mr. Amiouny, could you comment on that?

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