Madam Speaker, I thank my colleague for his question. It is also my pleasure to join with all those celebrating Portugal's national holiday. Many of my constituents are originally from that country, and I am pleased to join in that celebration.
Now, to answer his question, which is a pertinent one and is somewhat similar to one that was put to me earlier, with respect to the fact that, even if a single regulator were established, Quebec could go it alone and keep its own system. It is a fantasy to think that it could work. It is easy to say that we can keep apart if we want to. I think, however, that all security issuers will want to be part of the overall system that was put in place for everyone. Since the current system is working, I see no sense in breaking something that is working, and risk introducing malfunctions that do not exist right now.