Mr. Speaker, I listened carefully to what has been said about jurisdiction and I would remind hon. members that the Hockin report specifically said that the option will exist for jurisdictions in Canada to join the common securities regulator or not. In this way, we totally respect the competencies of the respective jurisdictions in Canada, including Quebec. That is what is being proposed. That is not a question that needs to go to any court anywhere because no government and no jurisdiction would be obliged to join the national common securities regulator.
In the House of Commons on June 15th, 2009. See this statement in context.