Mr. Speaker, the government commissioned the Wise Persons' report, which report has been tabled and has been well accepted by the government and by the industry. We are at the present time working with the various provincial authorities to see whether in fact there can be a national securities regulator set up so that the very problems the hon. member identifies can in fact be addressed in a coherent way.
In the House of Commons on November 18th, 2004. See this statement in context.