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Finance committee  I wasn't aware of that, but certainly the Department of Finance would have done their studies to determine the appropriateness of the AMPs.

May 31st, 2024Committee meeting

Werner Liedtke

Finance committee  The million dollars we're receiving is just for the remaining of this fiscal year in order to do the preparatory work that we're going to do between now and the end of March. We will go back to the government in the fall to put in a full funding request for what we will need for our structure and our consumer awareness campaign and what the cost will be to sustain this operation.

May 31st, 2024Committee meeting

Werner Liedtke

Finance committee  I don't have insight into the full legislative calendar. That would be under the responsibility of the Department of Finance.

May 31st, 2024Committee meeting

Werner Liedtke

Finance committee  Thank you for the question. We don't have a full timeline at this time. What we are looking at is that the legislation asked us to commence the preparation of our regulatory activities, which we're in the process of doing. That's what we'll use the million dollars in the budget to do.

May 31st, 2024Committee meeting

Werner Liedtke

Finance committee  Thank you, Mr. Chair. Thank you to the committee for inviting us to appear before you today. My name is Werner Liedtke. I am the Interim Commissioner of the Financial Consumer Agency of Canada, or FCAC. I am joined by Frank Lofranco, Deputy Commissioner, Supervision and Enforcement, and Dr.

May 31st, 2024Committee meeting

Werner Liedtke