Mr. Speaker, this is a voluntary initiative that has always respected the provinces' jurisdictions and will continue to do so in the future.
We have a group of 10 provinces and territories that, for well over a year now, has been working with the Government of Canada in the development of the new Canadian securities regulator.
As members know, the bill was tabled in the House. It has been referred, by the government, to the Supreme Court of Canada. The argument will take place in April. We look forward to receiving the decision of the court.