Mr. Speaker, I want the hon. member to understand clearly that what has been discussed and what has been put forward in some of the reports, including the report by Purdy Crawford which had representations from across the country, is not a federal securities regulator. It is a common securities regulator for our country, with representatives, equal representation from the provincial governments and from the Government of Canada.
In the House of Commons on November 27th, 2006. See this statement in context.