Mr. Speaker, I thank my colleague for his comment and his question, although I completely disagree with everything he said.
First of all, it is not because we are sovereigntists that we do not want this Parliament to deny our powers. I would remind the member that subsection 92(13) of the Constitution Act, 1867, grants Quebec power with respect to securities.
To me, it is only natural that Quebec should demand these rights. There is no proof that a single securities commission would be better and would prevent fraud and abuse. On the contrary, it seems to me that the Autorité des marchés financiers, which is responsible for overseeing the areas of insurance, securities, deposit institutions and so on, has a better grasp of the problems and can pave the way for civil litigation, as we have seen.
There is a saying that “small is beautiful”, and that is certainly true in this case. The Autorité des marchés financiers has been able to take some very positive measures, such as creating the FTQ workers' fund. These measures have really helped protect savers.