Mr. Speaker, Canada is the only developed country in the world without a national securities regulator. We will comply with the Supreme Court's recent decision. However, we have been working with the provinces for some time to establish a single Canadian securities regulator. We were pleased to announce that a co-operative regulatory system had been established with Ontario and British Columbia. We are awaiting other announcements.
In the House of Commons on April 30th, 2014. See this statement in context.