Madam Speaker, I think a government and political parties must show leadership and choose what they decided to support.
There has been the Hockin report, a panel that was commissioned to produce a report on this, that recommended a national securities regulator. We in this party, in this government, believe that this would be in the interests of Canadians. The Bloc feels opposite. The NDP used to and now has changed its position to oppose it.
However, the Liberal Party of Canada has to decide whether it supports a national regulator, whether it would be in the interests of our country, our citizens, in terms of protecting our investments better, in terms of attracting capital better. If it believes that, then it is prudent to prepare for the day in which we can hopefully make that happen.
We referred it to the Supreme Court, a specific question, to ask whether it is within the jurisdiction of Parliament. We hope that will happen within the next 12 to 18 months. Then we will proceed with legislation if we get a positive response.
However, it is incumbent upon political parties and governments to state where they stand on important issues like this and try to move the policy ball forward in order to protect Canadian investors, and to ensure that we attract as much investment to this country as possible.