Finance committee  We are completely committed to protecting investors in Quebec. Again, we do not question this objective; rather, it is the way it is being done. Everything is on the table and anything can be discussed as long as the jurisdiction of various governments is respected.

Finance committee  I also agree that we have to improve financial regulation in Canada. I think this is an ongoing exercise and that all of the regulators in Canada are continually trying to improve the regulation. The only problem is that Canada is a federation that has a Constitution, and this Co

Finance committee  I may surprise you, but I totally support the Supreme Court decision. The federal government does indeed have a role to play in terms of systemic risks, criminal law and competition. There is no problem there. However, the Supreme Court decision does not give the federal governme

Finance committee  We will have to see how this volunteer board will work. Unfortunately, we will not be able to support it if, in the end, it is a single securities act that allows the federal government to indirectly control legislation. Practically speaking, that would mean the government would

Finance committee  I am sorry, I didn't understand your question. Could you repeat it, please?

Finance committee  There was no meeting between Quebec and the federal government. The Quebec government obviously has the responsibility to negotiate with the federal government. Our organization is a regulator, and this afternoon, I presented the Autorité des marchés financiers' point of view.

Finance committee  For the Autorité des marchés financiers, this work is important. We believe it is possible to continue to improve this structure, which already works very well and has proven successful. Moreover, federal and provincial regulators already work together. The Autorité des marchés

Finance committee  Thank you, Mr. Chair. I would first like to thank the Standing Committee on Finance for inviting the Autorité des marchés financiers to participate in your study of Bill C-60. This afternoon, I would like to present our position specifically on section 133 of this bill. This se