Mr. Speaker, the initiative with respect to a common securities regulator is an opt-in, voluntary situation. If Quebec or any other province chooses not to opt in to the Canadian securities regulator, that is its right. Work is being done on the draft legislation. Absolutely no decisions have been made with any of the willing participants with respect to the location of offices.
In the House of Commons on April 28th, 2010. See this statement in context.