Mr. Speaker, I would like to thank my colleague for introducing us to the debate. We already looked at this issue some time ago when it was Bill S-12. As at that time, and as I will say in my own speech, one of my concerns is how the general regulatory framework and this bill would deal with open or ambulatory incorporation by reference.
I may not have been listening as carefully as I should have been to my hon. colleague, but I am wondering if he could address the question of open incorporation by reference and whether he feels that the collapse of closed and open incorporation by reference by the bill would be a problem and whether we should have very specific rules for open incorporation by reference.