Mr. Speaker, it is an important issue that regional differences in capital markets are represented in a Canadian securities commission, if one should come about, and we are working at that.
We must remember that a group of provinces initiated the Canadian securities commission idea. The regional differences would be represented by commissioners from the regions. They would be represented by regional offices.
It is important to stress that Canada is the only major country that does not have a national securities commission. In other countries that have those securities commissions there are very strong regional developments.