Finance committee  I do not recall the IMF recommending that the issue be studied further. If I remember correctly, the IMF and the OECD both recommended that the Government of Canada move forward with such a plan.

Finance committee  The $150-million item was established in the Budget Implementation Act for 2009, which states that “The Minister of Finance may make direct payments” up to an amount “not exceeding $150 million to provinces and territories for matters relating to the establishment of a Canadian s

Finance committee  --to participating provinces and territories should the need arise. The--

Finance committee  I believe those conditions were established by the AMF. Am I wrong?

Finance committee  The federal government intends to create a national regulator, which will be established through the willing participation of the provinces. If Quebec decides, at least initially, not to participate, the Autorité des marchés financiers will continue operating, and the commitments

Finance committee  Budget 2009 provides a few more details on the plan. It says that the Government of Canada intends to “maintain a high level of local service, and continue to meet the distinct needs of regional markets”.

Finance committee  The Transition Office is a new federal agency. The expenditures cover salaries, office space, equipment—mostly computers—and so forth. There are also contracts with consultants who provide assistance.

Finance committee  The amount allocated to the Transition Office this fiscal year is $11 million. The Transition Office will submit its first annual report in the next few months. The report will include a detailed breakdown of everything.

Finance committee  They are all statutory expenditures in the Transition Office's budget, which were approved under the Budget Implementation Act, 2009.

Finance committee  The $150 million was also approved under the Budget Implementation Act, 2009. The department will use that money to make direct payments to the provinces and territories, pursuant to the establishment of a Canadian securities regulation regime. The maximum amount is $150 million.

Finance committee  The Transition Office has a three-year mandate. As planned, the office will cease to exist at a given point, so there will be a plan to shut it down, even if the initiative proves to be very successful. As I said, the $150 million will allow the minister to sign agreements with t

Finance committee  I would not say that. The government did not set up a regulatory commission but an office tasked with overseeing the transition. Right now, the office has absolutely no mandate to oversee or regulate the securities market. Its mandate is to carry out the federal government's effo

Finance committee  In October, the Minister of Justice said that the government planned to publish a piece of draft legislation in the spring and refer it to the Supreme Court of Canada.

Finance committee  It says that “the plan should ensure that the resources of securities regulators from willing provinces and territories are effectively integrated... with the Canadian securities regulator”. So we do not have to study the loss of jobs because it is not included.

Finance committee  Sure. The increase in FINTRAC is, I believe, related to the additional responsibilities that FINTRAC has been given over the course of the—