Mr. Speaker, I thank the hon. member for his question.
The Department of Finance did issue a press release yesterday inviting interested parties to comment on the mandated five-year review of the federal financial institutions legislation which comes up in 1997. That includes the Bank Act, the Insurance Companies Act, the Trust and Loan Companies Act and the Co-operative Credit Associations Act. We have asked that submissions be received from the public by June 30, 1995.
This is a separate issue from the regulatory and supervisory package which I presented in a white paper. We are very much looking forward to submissions from the public.