Mr. Speaker, I appreciate the Bloc bringing forward debate on an important issue. I want to ask my colleague about this matter of a national securities regulator. The member will know that participation in a national securities regulator is entirely voluntary and it will be up to each of the provinces as to whether they participate.
My question is twofold. First, does my friend and his family feel it is honest to suggest that somehow there is a degree of coercion by the federal government in this matter of a national securities regulator when he knows full well that participation is entirely voluntary? Second, do members of the Bloc feel it is their duty to tell their provincial government in Quebec what to do with respect to a national securities regulator from Ottawa? They are speaking from Ottawa, but it is really up to the provincial government as to whether it participates. I would be interested in my friend's views on that issue.